CGI Group, Inc. $GIB Shares Newly Acquired by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp bought a new position in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,250 shares of the technology company’s stock, valued at approximately $424,000.

A number of other institutional investors have also made changes to their positions in the stock. Groupe la Francaise boosted its position in shares of CGI Group by 0.9% during the 2nd quarter. Groupe la Francaise now owns 1,722,751 shares of the technology company’s stock worth $111,335,000 after purchasing an additional 14,845 shares during the period. QV Investors Inc. increased its holdings in CGI Group by 31.2% in the 2nd quarter. QV Investors Inc. now owns 908,728 shares of the technology company’s stock valued at $58,716,000 after purchasing an additional 216,086 shares during the last quarter. Wellington Management Group LLP increased its holdings in CGI Group by 60.4% in the 2nd quarter. Wellington Management Group LLP now owns 213,433 shares of the technology company’s stock valued at $13,791,000 after purchasing an additional 80,368 shares during the last quarter. Cardinal Point Capital Management ULC increased its holdings in CGI Group by 5.1% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 130,553 shares of the technology company’s stock valued at $8,903,000 after purchasing an additional 6,296 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in CGI Group by 14.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 58,052 shares of the technology company’s stock valued at $3,956,000 after purchasing an additional 7,500 shares during the period. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on GIB shares. Royal Bank Of Canada restated a “sector perform” rating and set a $100.00 price target on shares of CGI Group in a research note on Tuesday, October 6th. Weiss Ratings upgraded CGI Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Finally, TD Securities cut CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, CGI Group has a consensus rating of “Hold” and an average price target of $83.67.

CGI Group Stock Down 0.0%

Shares of NYSE:GIB opened at $81.95 on Tuesday. The firm has a market capitalization of $16.97 billion, a PE ratio of 12.87 and a beta of 0.47. CGI Group, Inc. has a 1 year low of $59.63 and a 1 year high of $95.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66. The firm’s 50-day moving average is $72.45 and its two-hundred day moving average is $72.85.

About CGI Group

CGI Inc, formerly known as CGI Group, is a Canadian information technology and business consulting company headquartered in Montreal, Quebec. Founded in 1976, the company provides technology and business solutions to organizations in the private and public sectors.

CGI’s services include business and IT consulting, systems integration, application development and management, cloud computing, cybersecurity, data analytics, digital transformation, and managed IT services. The company also develops and supports proprietary software and industry-specific solutions for areas such as financial services, government, healthcare, manufacturing, telecommunications, utilities, and retail.

CGI serves clients through operations across North America, Europe, and the Asia-Pacific region.