Aigen Investment Management LP Sells 10,904 Shares of CGI Inc. (NYSE:GIB)

Aigen Investment Management LP trimmed its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 86.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,752 shares of the technology company’s stock after selling 10,904 shares during the period. Aigen Investment Management LP’s holdings in CGI were worth $201,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after purchasing an additional 585 shares during the last quarter. CWM LLC raised 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 during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in CGI during the 3rd quarter worth approximately $208,000. Atria Investments Inc acquired a new position in CGI in the 3rd quarter valued at approximately $218,000. Finally, Tidal Investments LLC acquired a new position in CGI in the 1st quarter valued at approximately $226,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GIB. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating 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. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and lifted their price objective for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. Finally, Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $137.00.

CGI Stock Up 0.3 %

Shares of NYSE:GIB opened at $107.39 on Friday. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $118.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. The business’s 50-day moving average is $113.74 and its 200-day moving average is $107.87. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.37 and a beta of 0.96.

CGI Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th. CGI’s dividend payout ratio (DPR) is presently 8.18%.

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.