Corient Private Wealth LLC Sells 194 Shares of CGI Inc. (NYSE:GIB)

Corient Private Wealth LLC trimmed its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,418 shares of the technology company’s stock after selling 194 shares during the period. Corient Private Wealth LLC’s holdings in CGI were worth $5,730,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GIB. Atria Investments Inc acquired a new position in shares of CGI during the 3rd quarter worth about $218,000. Natixis Advisors LLC boosted its stake in shares of CGI by 18.2% during the 3rd quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company’s stock worth $2,663,000 after buying an additional 3,564 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of CGI during the 3rd quarter worth about $209,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of CGI by 55.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 200,361 shares of the technology company’s stock worth $23,034,000 after buying an additional 71,576 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of CGI by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company’s stock worth $64,518,000 after buying an additional 21,427 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group cut 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 target price on shares of CGI in a research note on Monday, January 6th. Finally, UBS Group raised 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. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $153.25.

CGI Stock Up 0.1 %

CGI stock opened at $98.80 on Friday. The stock has a market cap of $22.40 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.58 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $122.79. The company’s 50-day moving average price is $111.15 and its two-hundred day moving average price is $111.99.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results 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 net margin of 11.72% and a return on equity of 19.32%. As a group, analysts expect that CGI Inc. will post 5.79 EPS for the current year.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were issued a $0.1039 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.42%. CGI’s dividend payout ratio is currently 7.41%.

About CGI

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.