Henry James International Management Inc. Sells 511 Shares of CGI Inc. (NYSE:GIB)

Henry James International Management Inc. decreased its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,512 shares of the technology company’s stock after selling 511 shares during the quarter. CGI comprises approximately 3.1% of Henry James International Management Inc.’s investment portfolio, making the stock its 8th largest holding. Henry James International Management Inc.’s holdings in CGI were worth $8,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GIB. FMR LLC boosted its holdings in shares of CGI by 2,854.5% in the 3rd quarter. FMR LLC now owns 1,622,077 shares of the technology company’s stock valued at $159,884,000 after buying an additional 1,567,176 shares in the last quarter. Mackenzie Financial Corp boosted its stake in CGI by 15.0% in the third quarter. Mackenzie Financial Corp now owns 6,190,061 shares of the technology company’s stock valued at $598,239,000 after acquiring an additional 805,973 shares in the last quarter. Bank of Nova Scotia boosted its stake in CGI by 100.0% in the third quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company’s stock valued at $138,450,000 after acquiring an additional 702,339 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of CGI by 12.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,505,781 shares of the technology company’s stock worth $348,026,000 after purchasing an additional 401,717 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of CGI by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock worth $746,389,000 after purchasing an additional 132,166 shares in the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Stock Performance

Shares of GIB traded up $1.57 during mid-day trading on Friday, hitting $103.68. 181,289 shares of the company’s stock were exchanged, compared to its average volume of 189,499. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. CGI Inc. has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The business’s 50 day moving average is $109.85 and its two-hundred day moving average is $106.89. The firm has a market capitalization of $24.09 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.36 and a beta of 0.93.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. CGI had a return on equity of 20.43% and a net margin of 11.38%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.59 billion. On average, equities analysts expect that CGI Inc. will post 5.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. CIBC decreased their target price on CGI from $169.00 to $165.00 and set an “outperformer” rating for the company in a research report on Thursday. TD Securities raised CGI from a “hold” rating to a “buy” rating in a report on Thursday. Finally, StockNews.com cut shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

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.