Cerity Partners LLC Has $404,000 Stock Holdings in CGI Inc. (NYSE:GIB)

Cerity Partners LLC lifted its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,772 shares of the technology company’s stock after buying an additional 927 shares during the period. Cerity Partners LLC’s holdings in CGI were worth $404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CGI by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock worth $746,389,000 after buying an additional 132,166 shares during the period. Bank of Nova Scotia boosted its position in CGI by 100.0% during 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 purchasing an additional 702,339 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in CGI during the fourth quarter valued at $1,409,000. MQS Management LLC boosted its position in CGI by 26.3% during the third quarter. MQS Management LLC now owns 3,859 shares of the technology company’s stock valued at $380,000 after purchasing an additional 804 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in CGI by 100.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 8,000 shares of the technology company’s stock valued at $858,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut CGI from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

CGI Price Performance

GIB opened at $103.14 on Friday. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.31 and a beta of 0.92. CGI Inc. has a 1 year low of $93.07 and a 1 year high of $118.89. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $111.30 and a 200 day moving average price of $106.79.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. CGI had a return on equity of 20.65% and a net margin of 11.34%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Analysts forecast that CGI Inc. will post 5.68 EPS for the current fiscal year.

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.