CGI Inc. (NYSE:GIB) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 661,479 shares of the technology company’s stock after buying an additional 35,654 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.29% of CGI worth $72,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its stake in shares of CGI by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in CGI by 0.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company’s stock worth $3,412,000 after purchasing an additional 111 shares in the last quarter. Manhattan West Asset Management LLC increased its position in shares of CGI by 0.5% in the fourth quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company’s stock valued at $2,779,000 after buying an additional 126 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in shares of CGI by 4.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company’s stock worth $345,000 after buying an additional 135 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of CGI during the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

Analysts Set New Price Targets

GIB has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $192.00 price objective on shares of CGI in a research report on Wednesday, March 26th. 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. Finally, Jefferies Financial Group cut their price objective on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. 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 company. Based on data from MarketBeat, CGI presently has an average rating of “Buy” and a consensus price target of $156.75.

CGI Trading Up 1.1 %

GIB opened at $105.32 on Monday. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. The company’s 50 day simple moving average is $105.20 and its two-hundred day simple moving average is $109.89. CGI Inc. has a 1-year low of $92.85 and a 1-year high of $122.79. 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 posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. Analysts expect that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, February 14th. CGI’s dividend payout ratio is presently 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.