Signaturefd LLC raised its stake in shares of CGI Inc (NYSE:GIB) (TSE:GIB.A) by 25.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,555 shares of the technology company’s stock after acquiring an additional 1,116 shares during the period. Signaturefd LLC’s holdings in CGI were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new position in shares of CGI in the first quarter valued at approximately $3,129,000. Csenge Advisory Group grew its holdings in shares of CGI by 9.7% in the first quarter. Csenge Advisory Group now owns 3,713 shares of the technology company’s stock valued at $255,000 after purchasing an additional 327 shares in the last quarter. Henry James International Management Inc. grew its holdings in shares of CGI by 53.6% in the first quarter. Henry James International Management Inc. now owns 106,127 shares of the technology company’s stock valued at $7,297,000 after purchasing an additional 37,047 shares in the last quarter. Bartlett & Co. LLC acquired a new position in shares of CGI in the first quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of CGI by 52.8% in the first quarter. Quadrant Capital Group LLC now owns 5,041 shares of the technology company’s stock valued at $340,000 after purchasing an additional 1,741 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

NYSE GIB traded up $0.70 on Tuesday, hitting $77.03. 62,183 shares of the stock were exchanged, compared to its average volume of 151,182. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.35. CGI Inc has a fifty-two week low of $57.35 and a fifty-two week high of $80.50. The firm has a market cap of $20.99 billion, a P/E ratio of 24.00, a PEG ratio of 2.30 and a beta of 0.54. The firm has a 50-day simple moving average of $77.76.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). CGI had a return on equity of 18.78% and a net margin of 10.32%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $1.08 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that CGI Inc will post 3.56 EPS for the current fiscal year.

GIB has been the subject of a number of research reports. CIBC cut shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Societe Generale cut shares of CGI from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Bank of America initiated coverage on shares of CGI in a report on Thursday, May 23rd. They issued a “buy” rating and a $83.00 price objective for the company. Finally, National Bank Financial restated a “buy” rating on shares of CGI in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. CGI presently has an average rating of “Buy” and an average price target of $87.67.

CGI Company Profile

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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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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