CGI Inc. (NYSE:GIB) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. grew its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,383,862 shares of the technology company’s stock after purchasing an additional 81,440 shares during the period. TD Asset Management Inc. owned 1.05% of CGI worth $260,697,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the third quarter worth about $28,000. Sierra Ocean LLC acquired a new stake in shares of CGI during the 4th quarter worth approximately $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of CGI in the 4th quarter worth approximately $83,000. Blue Trust Inc. lifted its holdings in shares of CGI by 47.6% in the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock worth $134,000 after purchasing an additional 375 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in CGI during the 3rd quarter worth $209,000. 66.68% of the stock is currently owned by institutional investors.

CGI Stock Performance

Shares of GIB opened at $100.12 on Tuesday. The firm has a market capitalization of $22.70 billion, a PE ratio of 18.10, a P/E/G ratio of 2.58 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $110.99 and a 200 day moving average price of $111.89. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $122.79.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (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 fiscal year.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, February 14th. CGI’s dividend payout ratio (DPR) is presently 7.41%.

Analyst Upgrades and Downgrades

GIB has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $178.00 target price on shares of CGI in a research note on Monday, January 6th. Finally, UBS Group raised their price target on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $153.25.

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.