CGI Inc. (NYSE:GIB) Stock Holdings Trimmed by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,941 shares of the technology company’s stock after selling 27,983 shares during the quarter. Achmea Investment Management B.V.’s holdings in CGI were worth $8,743,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of CGI in the 3rd quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in CGI in the fourth quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of CGI during the fourth quarter worth $83,000. Blue Trust Inc. raised its holdings in shares of CGI by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock worth $134,000 after purchasing an additional 375 shares during the period. Finally, Olympiad Research LP bought a new position in shares of CGI in the 4th quarter worth about $203,000. Institutional investors own 66.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GIB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Jefferies Financial Group lowered their target price on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. 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. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $153.25.

CGI Trading Down 3.2 %

Shares of GIB stock opened at $100.48 on Friday. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $122.79. The firm has a market capitalization of $22.78 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The stock has a fifty day moving average of $111.99 and a two-hundred day moving average of $112.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31.

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

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.1039 per share. The ex-dividend date is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.41%. CGI’s dividend payout ratio is presently 7.41%.

About CGI

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.