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

Rempart Asset Management Inc. grew its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 188,280 shares of the technology company’s stock after purchasing an additional 1,015 shares during the quarter. CGI accounts for about 4.1% of Rempart Asset Management Inc.’s holdings, making the stock its 12th biggest holding. Rempart Asset Management Inc.’s holdings in CGI were worth $20,554,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GIB. National Bank of Canada FI boosted its position in CGI by 23.6% during the 3rd quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after acquiring an additional 861,771 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in CGI by 68.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock worth $157,485,000 after purchasing an additional 555,017 shares during the period. Barclays PLC grew its position in CGI by 182.6% in the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after buying an additional 308,040 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in CGI by 1.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock valued at $1,876,550,000 after buying an additional 230,000 shares during the period. Finally, Fiera Capital Corp raised its position in shares of CGI by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after buying an additional 114,864 shares in the last quarter. Institutional investors own 66.68% of the company’s stock.

CGI Stock Down 0.5 %

NYSE GIB traded down $0.58 on Wednesday, reaching $107.68. The stock had a trading volume of 26,015 shares, compared to its average volume of 116,663. The business has a 50 day moving average price of $111.06 and a 200 day moving average price of $110.37. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $118.89. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.55 and a beta of 0.95.

CGI Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.111 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a yield of 0.4%. CGI’s dividend payout ratio is currently 8.18%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GIB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of CGI in a report on Monday. StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and upped their target price for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $147.25.

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.