Mather Group LLC. Makes New Investment in CGI Inc. (NYSE:GIB)

Mather Group LLC. bought a new position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,079 shares of the technology company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Janiczek Wealth Management LLC increased its holdings in CGI by 4.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 3,340 shares of the technology company’s stock worth $358,000 after buying an additional 143 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of CGI by 3.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,059 shares of the technology company’s stock worth $400,000 after purchasing an additional 146 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of CGI by 6.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,477 shares of the technology company’s stock worth $244,000 after purchasing an additional 158 shares during the period. Sequoia Financial Advisors LLC lifted its stake in CGI by 1.0% in the third quarter. Sequoia Financial Advisors LLC now owns 17,369 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 175 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in CGI by 6.2% during the fourth quarter. Truist Financial Corp now owns 3,402 shares of the technology company’s stock valued at $365,000 after purchasing an additional 198 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on GIB shares. StockNews.com cut CGI from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating in a report on Thursday. Finally, CIBC cut their target price on shares of CGI from $169.00 to $165.00 and set an “outperformer” rating for the company in a research report on Thursday.

CGI Trading Up 1.5 %

Shares of GIB stock opened at $103.69 on Friday. CGI Inc. has a 1 year low of $93.07 and a 1 year high of $118.89. The company’s fifty day simple moving average is $110.10 and its two-hundred day simple moving average is $106.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.18 and a beta of 0.93.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. CGI had a return on equity of 20.73% and a net margin of 11.38%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.59 billion. As a group, analysts anticipate that CGI Inc. will post 5.69 earnings per share for the current year.

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.