Zurcher Kantonalbank Zurich Cantonalbank Reduces Position in CGI Inc. (NYSE:GIB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,606 shares of the technology company’s stock after selling 2,156 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CGI were worth $4,264,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CGI by 1.8% during 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 in the last quarter. Bank of Nova Scotia grew its holdings in shares of CGI by 100.0% during the third quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company’s stock worth $138,450,000 after buying an additional 702,339 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of CGI during the fourth quarter worth $1,409,000. MQS Management LLC grew its holdings in shares of CGI by 26.3% during the third quarter. MQS Management LLC now owns 3,859 shares of the technology company’s stock worth $380,000 after buying an additional 804 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of CGI by 100.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 8,000 shares of the technology company’s stock worth $858,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Trading Up 0.1 %

Shares of GIB opened at $104.01 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. CGI Inc. has a 12-month low of $93.07 and a 12-month high of $118.89. The firm has a 50-day moving average price of $112.00 and a 200 day moving average price of $106.73. The firm has a market capitalization of $24.16 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.92 and a beta of 0.92.

CGI (NYSE:GIB) (TSE:GIB.A) last announced 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 net margin of 11.34% and a return on equity of 20.65%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.59 billion. Sell-side analysts forecast that CGI Inc. will post 5.68 EPS for the current year.

Analyst Ratings Changes

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

CGI 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.