West Family Investments Inc. Sells 151 Shares of CGI Inc. (NYSE:GIB)

West Family Investments Inc. lessened its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,172 shares of the technology company’s stock after selling 151 shares during the period. West Family Investments Inc.’s holdings in CGI were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Canoe Financial LP bought a new position in CGI in the 4th quarter valued at approximately $94,390,000. National Bank of Canada FI raised its stake in shares of CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after purchasing an additional 861,771 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CGI by 68.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock valued at $157,485,000 after purchasing an additional 555,017 shares in the last quarter. Barclays PLC boosted its position in shares of CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after buying an additional 308,040 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in CGI by 1.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock worth $1,876,550,000 after buying an additional 230,000 shares in the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Stock Performance

Shares of NYSE GIB opened at $104.99 on Friday. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $122.79. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $112.47 and a 200 day moving average of $112.56.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. On average, research analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 14th. CGI’s payout ratio is 7.41%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $178.00 target price on shares of CGI in a research note on Monday, January 6th. UBS Group raised their target price on shares of CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Jefferies Financial Group cut their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $153.25.

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.