CGI (NYSE:GIB) Raised to “Buy” at TD Securities

TD Securities upgraded shares of CGI (NYSE:GIB) (TSE:GIB.A) from a hold rating to a buy rating in a report issued on Thursday, Marketbeat Ratings reports.

Separately, StockNews.com downgraded shares of CGI from a buy rating to a hold rating in a report on Monday, March 11th.

CGI Stock Performance

Shares of NYSE GIB opened at $103.68 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $24.09 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.39 and a beta of 0.93. CGI has a 12 month low of $93.07 and a 12 month high of $118.89. The stock has a 50 day moving average of $109.85 and a 200-day moving average of $107.01.

Institutional Trading of CGI

Institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in CGI by 471.7% during the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock worth $26,000 after buying an additional 217 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in CGI by 297.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in CGI during the first quarter valued at approximately $30,000. Group One Trading L.P. bought a new stake in CGI during the third quarter worth $36,000. Finally, Quantbot Technologies LP bought a new position in shares of CGI in the 3rd quarter valued at $41,000. Institutional investors own 66.68% of the company’s stock.

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.