Mn Services Vermogensbeheer B.V. Purchases 1,400 Shares of CGI Inc. (NYSE:GIB)

Mn Services Vermogensbeheer B.V. boosted its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,433 shares of the technology company’s stock after acquiring an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CGI were worth $8,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec boosted its holdings in CGI by 1.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock worth $1,876,550,000 after acquiring an additional 230,000 shares in the last quarter. National Bank of Canada FI raised its stake in shares of CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after purchasing an additional 861,771 shares during the last quarter. Fiera Capital Corp raised its stake in shares of CGI by 2.7% in the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after purchasing an additional 114,864 shares during the last quarter. Bank of Montreal Can raised its stake in shares of CGI by 3.3% in the third quarter. Bank of Montreal Can now owns 3,275,421 shares of the technology company’s stock worth $373,887,000 after purchasing an additional 104,300 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of CGI by 2.1% in the fourth quarter. Cibc World Market Inc. now owns 1,978,249 shares of the technology company’s stock worth $216,369,000 after purchasing an additional 40,492 shares during the last quarter. Institutional investors own 66.68% of the company’s stock.

CGI Stock Performance

Shares of GIB opened at $103.61 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $23.49 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.58 and a beta of 0.94. The stock has a 50 day moving average of $113.12 and a 200 day moving average of $112.72. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $122.79.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. As a group, sell-side analysts forecast that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 14th. CGI’s dividend payout ratio is currently 7.41%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group increased their price objective on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Finally, Jefferies Financial Group lowered their price objective on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CGI presently has an average rating of “Buy” and a consensus price target of $153.25.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.