Union Bancaire Privee UBP SA Acquires New Stake in CGI Inc. (NYSE:GIB)

Union Bancaire Privee UBP SA acquired a new stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,802 shares of the technology company’s stock, valued at approximately $1,738,000.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in CGI during the third quarter valued at $28,000. Sierra Ocean LLC bought a new stake in CGI during the fourth quarter valued at $62,000. 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 valued at $91,000 after buying an additional 585 shares during the period. Olympiad Research LP bought a new stake in CGI during the fourth quarter valued at $203,000. Finally, Thrivent Financial for Lutherans bought a new stake in CGI during the third quarter valued at $209,000. Institutional investors own 66.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $178.00 price target on shares of CGI in a research report on Monday, January 6th. StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, UBS Group raised their price target on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $153.25.

CGI Stock Down 4.0 %

GIB opened at $112.58 on Monday. The company has a market cap of $25.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.58 and a beta of 0.94. The business’s 50-day moving average price is $112.99 and its 200-day moving average price is $112.66. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $122.79.

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

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.37%. CGI’s dividend payout ratio is currently 7.41%.

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.