New South Capital Management Inc. cut its holdings in shares of CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 630,008 shares of the technology company’s stock after selling 9,893 shares during the period. CGI accounts for 2.8% of New South Capital Management Inc.’s portfolio, making the stock its 10th biggest position. New South Capital Management Inc. owned approximately 0.27% of CGI worth $62,881,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GIB. Lloyd Advisory Services LLC. bought a new position in CGI in the 2nd quarter worth $299,000. TD Asset Management Inc increased its stake in shares of CGI by 2.0% in the 2nd quarter. TD Asset Management Inc now owns 2,203,320 shares of the technology company’s stock worth $219,873,000 after acquiring an additional 43,355 shares in the last quarter. Fiera Capital Corp lifted its position in CGI by 1.9% during the 2nd quarter. Fiera Capital Corp now owns 4,269,775 shares of the technology company’s stock valued at $426,353,000 after acquiring an additional 79,303 shares during the period. Versor Investments LP bought a new stake in CGI during the second quarter worth about $340,000. Finally, Farther Finance Advisors LLC boosted its stake in CGI by 8.5% during the second quarter. Farther Finance Advisors LLC now owns 6,453 shares of the technology company’s stock worth $639,000 after acquiring an additional 505 shares in the last quarter. Institutional investors own 66.68% of the company’s stock.
CGI Price Performance
Shares of NYSE GIB opened at $111.98 on Friday. The company has a 50 day moving average of $107.55 and a 200 day moving average of $106.81. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. CGI Inc. has a twelve month low of $93.07 and a twelve month high of $118.89. The firm has a market cap of $25.84 billion, a P/E ratio of 21.58, a PEG ratio of 2.62 and a beta of 0.95.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on CGI
CGI 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.
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