Haven Global Partners LLC Grows Stock Holdings in CGI Group, Inc. (NYSE:GIB)

Haven Global Partners LLC lifted its position in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 32.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,203 shares of the technology company’s stock after acquiring an additional 32,264 shares during the period. CGI Group makes up about 13.6% of Haven Global Partners LLC’s portfolio, making the stock its 5th largest holding. Haven Global Partners LLC’s holdings in CGI Group were worth $12,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIB. Bank of New York Mellon Corp lifted its position in shares of CGI Group by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 289,654 shares of the technology company’s stock worth $31,665,000 after buying an additional 1,409 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of CGI Group by 1.8% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 80,433 shares of the technology company’s stock worth $8,796,000 after acquiring an additional 1,400 shares during the last quarter. Versor Investments LP boosted its stake in shares of CGI Group by 96.7% in the 4th quarter. Versor Investments LP now owns 9,045 shares of the technology company’s stock valued at $989,000 after purchasing an additional 4,446 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of CGI Group by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 108 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of CGI Group by 46.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,238 shares of the technology company’s stock valued at $791,000 after purchasing an additional 2,304 shares during the last quarter. Institutional investors own 66.68% of the company’s stock.

CGI Group Price Performance

Shares of GIB opened at $103.48 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock has a market cap of $23.22 billion, a PE ratio of 18.85, a PEG ratio of 1.91 and a beta of 0.77. CGI Group, Inc. has a 12-month low of $92.85 and a 12-month high of $122.79. The business has a 50-day simple moving average of $106.75 and a two-hundred day simple moving average of $107.94.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). CGI Group had a return on equity of 18.86% and a net margin of 11.53%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.97 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts anticipate that CGI Group, Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 16th were given a dividend of $0.1086 per share. The ex-dividend date was Friday, May 16th. This is an increase from CGI Group’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 0.42%. CGI Group’s dividend payout ratio (DPR) is currently 7.83%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a $192.00 price objective on shares of CGI Group in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $156.75.

CGI Group 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.