Neuburgh Advisers LLC grew its holdings in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 13.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the technology company’s stock after acquiring an additional 240 shares during the period. Neuburgh Advisers LLC’s holdings in CGI were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GIB. Geode Capital Management LLC lifted its position in shares of CGI by 5,894.0% in the fourth quarter. Geode Capital Management LLC now owns 277,403 shares of the technology company’s stock valued at $16,864,000 after buying an additional 272,775 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of CGI by 59.0% in the first quarter. Parallel Advisors LLC now owns 574 shares of the technology company’s stock valued at $39,000 after buying an additional 213 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of CGI by 77.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 10,856 shares of the technology company’s stock valued at $747,000 after buying an additional 4,754 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of CGI in the first quarter valued at approximately $246,000. Finally, Ninepoint Partners LP acquired a new stake in shares of CGI in the first quarter valued at approximately $7,010,000. 55.19% of the stock is owned by institutional investors.

GIB has been the subject of a number of recent analyst reports. Zacks Investment Research cut CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Societe Generale cut CGI from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. National Bank Financial reiterated a “buy” rating on shares of CGI in a research note on Wednesday, July 31st. Finally, Bank of America initiated coverage on CGI in a research note on Thursday, May 23rd. They set a “buy” rating and a $83.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.67.

Shares of NYSE GIB traded down $0.22 during trading hours on Friday, reaching $78.01. 28,889 shares of the stock were exchanged, compared to its average volume of 130,285. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.33 and a beta of 0.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.75 and a current ratio of 1.09. CGI Inc has a 52 week low of $57.35 and a 52 week high of $80.59. The stock’s fifty day simple moving average is $77.86 and its 200 day simple moving average is $73.68.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.15 billion. CGI had a return on equity of 18.78% and a net margin of 10.32%. CGI’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Research analysts predict that CGI Inc will post 3.56 EPS for the current fiscal year.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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