Stifel Financial Corp lifted its holdings in shares of CGI Group Inc (NYSE:GIB) (TSE:GIB.A) by 53.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,643 shares of the technology company’s stock after buying an additional 3,009 shares during the period. Stifel Financial Corp’s holdings in CGI Group were worth $445,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GIB. Advisor Group Inc. boosted its stake in shares of CGI Group by 21.2% during the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock worth $111,000 after buying an additional 380 shares during the period. Letko Brosseau & Associates Inc. acquired a new stake in shares of CGI Group during the second quarter worth about $203,000. Marshall Wace North America L.P. purchased a new position in CGI Group during the second quarter worth about $214,000. Intercontinental Wealth Advisors LLC purchased a new position in CGI Group during the second quarter worth about $217,000. Finally, Worth Venture Partners LLC purchased a new position in CGI Group during the second quarter worth about $221,000. Institutional investors and hedge funds own 66.66% of the company’s stock.
Several research firms recently issued reports on GIB. Scotiabank increased their price target on shares of CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of CGI Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price target (up from $75.00) on shares of CGI Group in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CGI Group currently has an average rating of “Buy” and a consensus target price of $68.75.
CGI Group Inc (NYSE:GIB) opened at $54.33 on Monday. The stock has a market cap of $13,847.30, a PE ratio of 20.90, a P/E/G ratio of 1.92 and a beta of 0.87. CGI Group Inc has a 1-year low of $45.81 and a 1-year high of $54.99. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29.
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About CGI Group
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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