Aviva PLC increased its stake in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,528 shares of the technology company’s stock after buying an additional 3,490 shares during the period. Aviva PLC owned approximately 0.06% of CGI Group worth $8,282,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in CGI Group by 38.4% in the first quarter. Morgan Stanley now owns 596,523 shares of the technology company’s stock valued at $28,592,000 after buying an additional 165,506 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in CGI Group by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 631,494 shares of the technology company’s stock valued at $30,248,000 after buying an additional 1,731 shares during the last quarter. CIBC Asset Management Inc increased its stake in CGI Group by 37.0% in the second quarter. CIBC Asset Management Inc now owns 2,036,861 shares of the technology company’s stock valued at $103,953,000 after buying an additional 550,382 shares during the last quarter. World Asset Management Inc increased its stake in CGI Group by 0.8% in the first quarter. World Asset Management Inc now owns 16,825 shares of the technology company’s stock valued at $806,000 after buying an additional 134 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its stake in CGI Group by 0.5% in the first quarter. State of Wisconsin Investment Board now owns 203,114 shares of the technology company’s stock valued at $9,704,000 after buying an additional 1,100 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

CGI Group, Inc. (NYSE:GIB) opened at 49.74 on Tuesday. CGI Group, Inc. has a 52-week low of $45.73 and a 52-week high of $53.65. The company has a market cap of $14.69 billion, a PE ratio of 17.54 and a beta of 0.93. The firm’s 50-day moving average price is $51.34 and its 200 day moving average price is $49.17.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.78 billion. CGI Group had a net margin of 10.18% and a return on equity of 17.10%. CGI Group’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities analysts predict that CGI Group, Inc. will post $2.93 EPS for the current fiscal year.

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GIB has been the subject of several recent analyst reports. Barclays PLC reissued an “overweight” rating and issued a $60.00 price objective (up previously from $55.00) on shares of CGI Group in a report on Wednesday, August 9th. BidaskClub downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Beacon Securities reissued a “buy” rating on shares of CGI Group in a report on Wednesday, May 3rd. Finally, Zacks Investment Research raised CGI Group from a “sell” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. CGI Group has an average rating of “Buy” and a consensus price target of $61.00.

CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

Institutional Ownership by Quarter for CGI Group (NYSE:GIB)

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