CGI Inc. (NYSE:GIB) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. trimmed its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,302 shares of the technology company’s stock after selling 135 shares during the quarter. Lincluden Management Ltd.’s holdings in CGI were worth $3,972,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in CGI during the 4th quarter valued at approximately $1,738,000. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of CGI by 3.8% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 93,521 shares of the technology company’s stock valued at $10,026,000 after purchasing an additional 3,464 shares during the period. Olympiad Research LP purchased a new stake in shares of CGI during the fourth quarter worth approximately $203,000. Cumberland Partners Ltd purchased a new stake in shares of CGI during the fourth quarter worth approximately $242,000. Finally, Pembroke Management LTD lifted its holdings in shares of CGI by 21.4% during the fourth quarter. Pembroke Management LTD now owns 7,709 shares of the technology company’s stock worth $843,000 after purchasing an additional 1,357 shares during the period. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

GIB has been the topic of several recent research reports. UBS Group boosted their price objective on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two 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 stock. According to MarketBeat.com, CGI has a consensus rating of “Buy” and an average target price of $153.25.

CGI Stock Performance

NYSE:GIB opened at $112.29 on Tuesday. The firm’s fifty day simple moving average is $113.03 and its 200-day simple moving average is $112.71. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The stock has a market cap of $25.46 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. CGI Inc. has a fifty-two week low of $96.92 and a fifty-two week high of $122.79.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Analysts expect that CGI Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

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

CGI 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.