Janus Henderson Group PLC raised its position in shares of CGI (NYSE:GIB) (TSE:GIB.A) by 206.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 226,912 shares of the technology company’s stock after purchasing an additional 152,987 shares during the quarter. Janus Henderson Group PLC owned 0.08% of CGI worth $14,375,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GIB. Bank of Montreal Can purchased a new stake in CGI during the 2nd quarter valued at about $403,130,000. Addenda Capital Inc. purchased a new stake in CGI during the 2nd quarter valued at about $47,785,000. Acadian Asset Management LLC purchased a new stake in CGI during the 2nd quarter valued at about $46,610,000. Toronto Dominion Bank grew its stake in CGI by 96.5% during the 2nd quarter. Toronto Dominion Bank now owns 1,378,779 shares of the technology company’s stock valued at $86,828,000 after purchasing an additional 677,254 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in CGI by 8.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,828,857 shares of the technology company’s stock valued at $242,489,000 after purchasing an additional 314,500 shares during the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.
NYSE:GIB opened at $65.52 on Friday. CGI has a 12 month low of $50.73 and a 12 month high of $66.32. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.25 and a beta of 0.55.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, August 1st. The technology company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.24. CGI had a return on equity of 18.06% and a net margin of 9.33%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business earned $0.93 EPS. CGI’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts forecast that CGI will post 3.22 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Scotiabank cut CGI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, July 17th. Desjardins cut CGI from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Zacks Investment Research raised CGI from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Barclays boosted their price objective on CGI from $64.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CGI currently has a consensus rating of “Buy” and an average target price of $72.25.
CGI Group Inc provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; business-to-business and customer operations support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.
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