UniSuper Management Pty Ltd Has $426,000 Stock Position in CGI Inc. (NYSE:GIB)

UniSuper Management Pty Ltd lessened its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 36.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,900 shares of the technology company’s stock after selling 2,240 shares during the quarter. UniSuper Management Pty Ltd’s holdings in CGI were worth $426,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GIB. Geode Capital Management LLC increased its holdings in CGI by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock worth $115,844,000 after purchasing an additional 79,362 shares in the last quarter. Barclays PLC grew its holdings in CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock worth $54,808,000 after buying an additional 308,040 shares in the last quarter. Blue Trust Inc. raised its position in CGI by 47.6% in the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock valued at $134,000 after buying an additional 375 shares during the last quarter. Jane Street Group LLC raised its position in CGI by 19.2% in the 3rd quarter. Jane Street Group LLC now owns 39,784 shares of the technology company’s stock valued at $4,574,000 after buying an additional 6,403 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in CGI by 21.1% during the 3rd quarter. Wellington Management Group LLP now owns 96,516 shares of the technology company’s stock valued at $11,118,000 after acquiring an additional 16,844 shares in the last quarter. Institutional investors own 66.68% of the company’s stock.

CGI Stock Performance

NYSE GIB opened at $99.89 on Tuesday. The company has a market capitalization of $22.65 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. 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 Inc. has a 52-week low of $96.75 and a 52-week high of $122.79. The company has a 50-day simple moving average of $110.14 and a 200 day simple moving average of $111.40.

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

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a $0.1039 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. CGI’s payout ratio is presently 7.41%.

Analyst Ratings Changes

Several brokerages have recently commented on GIB. Royal Bank of Canada reiterated an “outperform” rating and issued a $192.00 target price on shares of CGI in a report on Wednesday, March 26th. Jefferies Financial Group decreased their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group boosted their target price on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $156.75.

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.