Union Bancaire Privee UBP SA Makes New $1.74 Million Investment in CGI Inc. (NYSE:GIB)

Union Bancaire Privee UBP SA bought a new stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,802 shares of the technology company’s stock, valued at approximately $1,738,000.

A number of other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in CGI during the third quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after purchasing an additional 585 shares during the period. CWM LLC increased its position in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after purchasing an additional 176 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in CGI in the third quarter worth $208,000. Finally, Thrivent Financial for Lutherans purchased a new position in CGI during the third quarter worth $209,000. Institutional investors own 66.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GIB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 target price on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and increased their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $150.75.

CGI Stock Performance

Shares of NYSE:GIB opened at $113.19 on Tuesday. The firm’s 50 day simple moving average is $110.55 and its 200-day simple moving average is $111.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. CGI Inc. has a one year low of $96.92 and a one year high of $118.89. The firm has a market cap of $25.80 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95.

CGI Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 20th. CGI’s dividend payout ratio (DPR) is presently 8.55%.

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.