Aviso Financial Inc. Has $64.71 Million Stock Position in CGI Inc. (NYSE:GIB)

Aviso Financial Inc. grew its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 591,594 shares of the technology company’s stock after purchasing an additional 17,421 shares during the period. CGI comprises approximately 3.3% of Aviso Financial Inc.’s holdings, making the stock its 10th biggest holding. Aviso Financial Inc. owned about 0.26% of CGI worth $64,714,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Atria Investments Inc acquired a new position in CGI in the third quarter valued at about $218,000. Versor Investments LP raised its stake in shares of CGI by 35.2% in the third quarter. Versor Investments LP now owns 4,599 shares of the technology company’s stock valued at $529,000 after acquiring an additional 1,197 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of CGI by 12.7% in the 3rd quarter. Metis Global Partners LLC now owns 10,426 shares of the technology company’s stock worth $1,200,000 after acquiring an additional 1,171 shares in the last quarter. Natixis Advisors LLC grew its position in CGI by 18.2% during the 3rd quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company’s stock worth $2,663,000 after acquiring an additional 3,564 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in CGI during the 3rd quarter valued at $209,000. Institutional investors own 66.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GIB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group reduced their price target 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. StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, UBS Group boosted their target price on shares of CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $153.25.

CGI Trading Down 3.2 %

GIB opened at $100.48 on Friday. The firm has a 50 day simple moving average of $111.99 and a 200 day simple moving average of $112.38. CGI Inc. has a fifty-two week low of $96.92 and a fifty-two week high of $122.79. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. On average, sell-side analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. CGI’s dividend payout ratio (DPR) is currently 7.41%.

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.