Ativo Capital Management LLC Decreases Stake in CGI Inc. (NYSE:GIB)

Ativo Capital Management LLC cut its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,542 shares of the technology company’s stock after selling 300 shares during the quarter. CGI accounts for about 1.6% of Ativo Capital Management LLC’s portfolio, making the stock its 13th largest holding. Ativo Capital Management LLC’s holdings in CGI were worth $1,590,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of CGI by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock valued at $115,844,000 after purchasing an additional 79,362 shares in the last quarter. Barclays PLC increased its holdings in shares of CGI by 182.6% during the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after purchasing an additional 308,040 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CGI by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company’s stock valued at $64,518,000 after purchasing an additional 21,427 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of CGI during the 3rd quarter valued at approximately $825,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CGI by 68.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock valued at $157,485,000 after purchasing an additional 555,017 shares in the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Trading Down 4.0 %

Shares of GIB opened at $112.58 on Friday. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $122.79. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $112.99 and its two-hundred day moving average is $112.52. The stock has a market cap of $25.52 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.94.

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, hitting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Research analysts forecast that CGI Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1039 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.37%. CGI’s dividend payout ratio (DPR) is presently 7.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GIB shares. UBS Group lifted their price target on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note 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 dropped their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Two 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. According to MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average target price of $153.25.

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.