Versor Investments LP Buys 1,197 Shares of CGI Inc. (NYSE:GIB)

Versor Investments LP lifted its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 35.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,599 shares of the technology company’s stock after buying an additional 1,197 shares during the quarter. Versor Investments LP’s holdings in CGI were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC increased its stake in shares of CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of CGI during the 3rd quarter valued at $208,000. Atria Investments Inc purchased a new position in shares of CGI during the 3rd quarter valued at $218,000. Finally, Tidal Investments LLC bought a new position in CGI in the 1st quarter worth $226,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIB has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group initiated coverage on shares of CGI in a report on Friday, July 19th. They set a “neutral” rating and a $112.00 price objective for the company. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of CGI from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.00.

CGI Stock Performance

NYSE GIB opened at $112.19 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $118.89. The business has a 50 day simple moving average of $113.95 and a two-hundred day simple moving average of $107.81. The stock has a market capitalization of $25.57 billion, a PE ratio of 20.85, a P/E/G ratio of 2.37 and a beta of 0.96.

CGI Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.

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.