GHP Investment Advisors Inc. Has $4.95 Million Stock Holdings in CGI Inc. (NYSE:GIB)

GHP Investment Advisors Inc. boosted its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,065 shares of the technology company’s stock after acquiring an additional 1,717 shares during the period. GHP Investment Advisors Inc.’s holdings in CGI were worth $4,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of CGI in the 1st quarter valued at $30,000. Blue Trust Inc. boosted its position in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after acquiring an additional 585 shares during the last quarter. CWM LLC boosted its position in CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after acquiring an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in CGI by 9.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after acquiring an additional 173 shares during the period. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of CGI in the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Stock Performance

Shares of GIB stock opened at $113.11 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $113.55 and a two-hundred day simple moving average of $107.11. CGI Inc. has a 12 month low of $93.07 and a 12 month high of $118.89. The firm has a market capitalization of $25.78 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. CGI had a net margin of 11.51% and a return on equity of 20.21%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that CGI Inc. will post 5.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. UBS Group started coverage on shares of CGI in a research report on Friday, July 19th. They set a “neutral” rating and a $112.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and raised their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CGI presently has a consensus rating of “Buy” and an average price target of $137.00.

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.