Montrusco Bolton Investments Inc. trimmed its position in shares of CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,679 shares of the technology company’s stock after selling 7,531 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in CGI were worth $10,245,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC raised its stake in shares of CGI by 2.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock worth $485,000 after buying an additional 97 shares in the last quarter. West Family Investments Inc. grew its holdings in CGI by 5.5% during 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 raised its position in 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 in the last quarter. CWM LLC lifted its holdings in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after acquiring an additional 176 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of CGI by 0.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,098 shares of the technology company’s stock worth $3,575,000 after purchasing an additional 181 shares in the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on GIB shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 price target on shares of CGI in a report on Monday, January 6th. Jefferies Financial Group dropped their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and boosted their price target for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $150.75.
CGI Price Performance
GIB stock opened at $114.45 on Wednesday. The stock’s 50 day moving average price is $110.71 and its 200 day moving average price is $111.24. The firm has a market cap of $26.08 billion, a P/E ratio of 21.27, a PEG ratio of 2.40 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $118.89.
CGI (NYSE:GIB – Get Free Report) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.74% and a net margin of 11.53%. On average, sell-side analysts expect that CGI Inc. will post 5.9 earnings per share for the current fiscal year.
CGI Dividend Announcement
The company also recently declared a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.111 per share. The ex-dividend date was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s dividend payout ratio (DPR) is presently 8.55%.
CGI Company 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.
Further Reading
- Five stocks we like better than CGI
- Energy and Oil Stocks Explained
- 3 Steel Stocks Soaring After Tariff Announcements
- What Investors Need to Know About Upcoming IPOs
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
- The Most Important Warren Buffett Stock for Investors: His Own
- Why Salesforce Stock Could Be at Fresh Highs by February
Want to see what other hedge funds are holding GIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A).
Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.