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

TD Waterhouse Canada Inc. increased its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 661,479 shares of the technology company’s stock after acquiring an additional 35,654 shares during the period. TD Waterhouse Canada Inc.’s holdings in CGI were worth $72,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIB. Metis Global Partners LLC raised its position in CGI by 1.0% in 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 in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of 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 buying an additional 111 shares during the period. Manhattan West Asset Management LLC raised its holdings in 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 acquiring an additional 126 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in CGI by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company’s stock worth $345,000 after acquiring an additional 135 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI in the 3rd quarter valued at $28,000. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

CGI Stock Up 1.1 %

Shares of NYSE:GIB opened at $105.32 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The stock has a market cap of $23.88 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.58 and a beta of 0.85. CGI Inc. has a 1-year low of $92.85 and a 1-year high of $122.79. The firm has a fifty day moving average price of $105.20 and a 200 day moving average price of $109.89.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. Sell-side analysts predict that CGI Inc. will post 5.79 EPS for the current year.

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.39%. CGI’s payout ratio is currently 7.41%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GIB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Jefferies Financial Group cut their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group increased their target price on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and a consensus target price of $156.75.

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.