Csenge Advisory Group raised its position in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,386 shares of the technology company’s stock after acquiring an additional 952 shares during the quarter. Csenge Advisory Group’s holdings in CGI were worth $207,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in GIB. AQR Capital Management LLC lifted its stake in CGI by 25.8% in the third quarter. AQR Capital Management LLC now owns 2,017,091 shares of the technology company’s stock valued at $129,958,000 after acquiring an additional 413,081 shares during the last quarter. Man Group plc lifted its stake in CGI by 40.0% in the third quarter. Man Group plc now owns 1,322,715 shares of the technology company’s stock valued at $85,232,000 after acquiring an additional 377,927 shares during the last quarter. Janus Henderson Group PLC lifted its stake in CGI by 134.8% in the third quarter. Janus Henderson Group PLC now owns 532,871 shares of the technology company’s stock valued at $34,340,000 after acquiring an additional 305,959 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in CGI in the third quarter valued at $19,097,000. Finally, JPMorgan Chase & Co. lifted its stake in CGI by 171.0% in the third quarter. JPMorgan Chase & Co. now owns 398,452 shares of the technology company’s stock valued at $25,693,000 after acquiring an additional 251,418 shares during the last quarter. Hedge funds and other institutional investors own 57.99% of the company’s stock.
NYSE GIB opened at $66.74 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a market cap of $18.27 billion, a PE ratio of 19.94, a P/E/G ratio of 2.08 and a beta of 0.57. CGI Inc has a 52-week low of $56.26 and a 52-week high of $68.17.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.95 billion. CGI had a net margin of 10.01% and a return on equity of 18.11%. CGI’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. As a group, equities research analysts expect that CGI Inc will post 3.55 earnings per share for the current year.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of CGI from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Raymond James reiterated a “buy” rating on shares of CGI in a research note on Wednesday, November 7th. Desjardins reiterated a “buy” rating on shares of CGI in a research note on Friday, November 9th. Royal Bank of Canada increased their price target on shares of CGI from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of CGI in a research note on Tuesday, December 4th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.00.
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CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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