Signaturefd LLC Sells 113 Shares of CGI Inc. (NYSE:GIB)

Signaturefd LLC lessened its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,067 shares of the technology company’s stock after selling 113 shares during the period. Signaturefd LLC’s holdings in CGI were worth $882,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Canoe Financial LP purchased a new position in CGI during the fourth quarter worth $94,390,000. National Bank of Canada FI boosted its stake in CGI by 23.6% during 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 buying an additional 861,771 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in CGI by 68.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock worth $157,485,000 after buying an additional 555,017 shares during the period. Barclays PLC boosted its stake in CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock worth $54,808,000 after buying an additional 308,040 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of CGI by 1.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock valued at $1,876,550,000 after purchasing an additional 230,000 shares during the period. Institutional investors own 66.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GIB. Royal Bank of Canada reissued an “outperform” rating and set a $178.00 target price on shares of CGI in a research note on Monday, January 6th. UBS Group boosted their target price on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group lowered their target price on shares of 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 assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CGI presently has a consensus rating of “Buy” and an average price target of $153.25.

CGI Stock Performance

GIB stock opened at $103.51 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The business has a 50-day moving average price of $111.54 and a 200 day moving average price of $112.18. The company has a market capitalization of $23.47 billion, a P/E ratio of 18.72, a PEG ratio of 2.58 and a beta of 0.96. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $122.79.

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

CGI Dividend Announcement

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 issued a $0.1039 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. CGI’s dividend payout ratio is presently 7.41%.

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.