Crossmark Global Holdings Inc. grew its holdings in shares of CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,492 shares of the technology company’s stock after purchasing an additional 529 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CGI were worth $1,694,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIB. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the 3rd quarter worth $28,000. Blue Trust Inc. raised its holdings in shares of CGI by 288.2% during the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after acquiring an additional 585 shares during the period. CWM LLC raised its holdings in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after acquiring an additional 176 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of CGI by 9.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after acquiring an additional 173 shares during the period. Finally, Werba Rubin Papier Wealth Management purchased a new position in shares of CGI during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 66.68% of the company’s stock.
CGI Stock Up 0.1 %
Shares of GIB opened at $111.53 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The firm has a market cap of $25.42 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 2.37 and a beta of 0.95. The company’s 50-day moving average price is $110.37 and its 200 day moving average price is $110.92. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $118.89.
CGI Announces Dividend
Analyst Ratings Changes
Several research analysts have recently commented on GIB shares. Jefferies Financial Group reduced their price target on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price target on shares of CGI in a report on Monday, January 6th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and boosted their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $150.75.
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.
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