Fiera Capital Corp Reduces Position in CGI Inc. (NYSE:GIB)

Fiera Capital Corp decreased its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,291,285 shares of the technology company’s stock after selling 93,354 shares during the period. CGI makes up approximately 1.5% of Fiera Capital Corp’s investment portfolio, making the stock its 19th largest position. Fiera Capital Corp’s holdings in CGI were worth $469,029,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI in the third quarter valued at approximately $28,000. Blue Trust Inc. boosted its stake in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares during the last quarter. CWM LLC grew its holdings in CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in shares of CGI in the 3rd quarter worth $208,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of CGI during the 3rd quarter worth $209,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Trading Down 0.1 %

Shares of GIB stock opened at $120.70 on Thursday. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $121.55. The firm has a market cap of $27.37 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. The company has a 50-day moving average of $112.08 and a two-hundred day moving average of $112.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

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

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.34%. CGI’s payout ratio is presently 8.32%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GIB shares. UBS Group upped their price objective on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Jefferies Financial Group reduced their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Two research 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $153.25.

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.