Prime Capital Investment Advisors LLC Sells 106 Shares of CGI Inc. (NYSE:GIB)

Prime Capital Investment Advisors LLC lowered its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,343 shares of the technology company’s stock after selling 106 shares during the period. Prime Capital Investment Advisors LLC’s holdings in CGI were worth $1,304,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIB. Crestwood Advisors Group LLC lifted its position in shares of CGI by 2.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock worth $485,000 after buying an additional 97 shares during the last quarter. First Affirmative Financial Network grew its holdings in shares of CGI by 4.0% during the 2nd quarter. First Affirmative Financial Network now owns 2,841 shares of the technology company’s stock valued at $284,000 after purchasing an additional 109 shares during the last quarter. Cigna Investments Inc. New lifted its stake in CGI by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 3,948 shares of the technology company’s stock valued at $394,000 after purchasing an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after buying an additional 173 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research report on Friday. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and upped their price objective for the company from $155.00 to $178.00 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 target price on the stock. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $137.00.

CGI Stock Performance

Shares of GIB stock opened at $107.06 on Friday. The stock has a market capitalization of $24.40 billion, a PE ratio of 19.90, a PEG ratio of 2.37 and a beta of 0.96. The business’s 50 day simple moving average is $113.93 and its 200 day simple moving average is $107.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI Inc. has a one year low of $96.92 and a one year high of $118.89.

CGI Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.111 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%.

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.