Mn Services Vermogensbeheer B.V. Grows Stock Position in CGI Inc. (NYSE:GIB)

Mn Services Vermogensbeheer B.V. boosted its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,433 shares of the technology company’s stock after purchasing an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CGI were worth $8,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Crestwood Advisors Group LLC boosted its holdings in shares of CGI by 2.4% in the third quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock worth $485,000 after acquiring an additional 97 shares during the period. West Family Investments Inc. boosted its holdings in shares of CGI by 5.5% in the third quarter. West Family Investments Inc. now owns 2,323 shares of the technology company’s stock worth $267,000 after acquiring an additional 121 shares during the period. Signal Advisors Wealth LLC boosted its holdings in shares of 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 period. US Bancorp DE boosted its holdings in shares of CGI by 8.4% in the third quarter. US Bancorp DE now owns 3,099 shares of the technology company’s stock worth $356,000 after acquiring an additional 240 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CGI in the third quarter worth $28,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Price Performance

NYSE:GIB opened at $103.61 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The stock has a fifty day moving average of $113.12 and a 200 day moving average of $112.72. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $122.79. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 2.58 and a beta of 0.94.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. On average, research analysts expect that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 14th. CGI’s payout ratio is currently 7.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. UBS Group raised their price target on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Jefferies Financial Group dropped their price objective on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $153.25.

CGI 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.