CGI Inc. (NYSE:GIB) Stock Holdings Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,290,487 shares of the technology company’s stock after purchasing an additional 230,000 shares during the period. CGI comprises about 3.7% of Caisse DE Depot ET Placement DU Quebec’s holdings, making the stock its 4th largest holding. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of CGI worth $1,876,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fiera Capital Corp grew its holdings in CGI by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after acquiring an additional 114,864 shares in the last quarter. Bank of Montreal Can grew its stake in shares of CGI by 3.3% during the third quarter. Bank of Montreal Can now owns 3,275,421 shares of the technology company’s stock worth $373,887,000 after purchasing an additional 104,300 shares in the last quarter. TD Asset Management Inc increased its holdings in CGI by 2.0% in the second quarter. TD Asset Management Inc now owns 2,203,320 shares of the technology company’s stock valued at $219,873,000 after buying an additional 43,355 shares during the last quarter. Cibc World Market Inc. raised its stake in CGI by 6.2% in the second quarter. Cibc World Market Inc. now owns 1,803,131 shares of the technology company’s stock valued at $180,025,000 after buying an additional 105,817 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $157,485,000 after buying an additional 555,017 shares during the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Trading Down 0.1 %

GIB opened at $112.49 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. CGI Inc. has a 52 week low of $96.92 and a 52 week high of $118.89. The business’s 50 day moving average is $113.17 and its two-hundred day moving average is $108.51. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.55 and a beta of 0.96.

CGI Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GIB shares. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and increased their price target for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $137.00.

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.