CGI Group, Inc. $GIB Shares Acquired by Groupe la Francaise

Groupe la Francaise grew its position in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 3.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,587,712 shares of the technology company’s stock after acquiring an additional 48,000 shares during the period. CGI Group accounts for approximately 3.3% of Groupe la Francaise’s investment portfolio, making the stock its 6th biggest holding. Groupe la Francaise’s holdings in CGI Group were worth $157,596,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GIB. Wells Fargo & Company MN lifted its holdings in shares of CGI Group by 10.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,514 shares of the technology company’s stock valued at $931,000 after buying an additional 829 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CGI Group in the 4th quarter valued at approximately $925,000. GeoWealth Management LLC raised its stake in shares of CGI Group by 80.4% in the 4th quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company’s stock valued at $142,000 after acquiring an additional 579 shares in the last quarter. First Trust Advisors LP raised its stake in shares of CGI Group by 23.9% in the 4th quarter. First Trust Advisors LP now owns 95,532 shares of the technology company’s stock valued at $10,448,000 after acquiring an additional 18,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CGI Group by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 681,619 shares of the technology company’s stock valued at $74,515,000 after acquiring an additional 41,074 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Group Stock Performance

Shares of NYSE GIB opened at $96.9780 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $100.55 and its two-hundred day moving average is $104.57. The company has a market cap of $21.62 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.74 and a beta of 0.72. CGI Group, Inc. has a 12 month low of $92.85 and a 12 month high of $122.79.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $4.01 billion. CGI Group had a return on equity of 18.53% and a net margin of 11.01%.CGI Group’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. On average, equities analysts expect that CGI Group, Inc. will post 5.79 EPS for the current year.

CGI Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.1086 per share. The ex-dividend date is Friday, August 15th. This is a boost from CGI Group’s previous quarterly dividend of $0.11. This represents a $0.43 annualized dividend and a dividend yield of 0.4%. CGI Group’s dividend payout ratio (DPR) is currently 7.95%.

Analysts Set New Price Targets

GIB has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on CGI Group from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. UBS Group dropped their price target on CGI Group from $112.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CGI Group has a consensus rating of “Buy” and an average target price of $148.25.

CGI Group 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.