CLARET ASSET MANAGEMENT Corp raised its position in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 608,050 shares of the technology company’s stock after purchasing an additional 80,991 shares during the quarter. CGI comprises approximately 8.3% of CLARET ASSET MANAGEMENT Corp’s investment portfolio, making the stock its biggest holding. CLARET ASSET MANAGEMENT Corp owned 0.22% of CGI worth $41,846,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in GIB. Bartlett & Co. LLC acquired a new position in shares of CGI during the first quarter valued at approximately $56,000. NumerixS Investment Technologies Inc acquired a new position in shares of CGI during the fourth quarter valued at approximately $90,000. Neuburgh Advisers LLC acquired a new position in shares of CGI during the fourth quarter valued at approximately $111,000. Csenge Advisory Group acquired a new position in shares of CGI during the third quarter valued at approximately $149,000. Finally, Beutel Goodman & Co Ltd. acquired a new position in shares of CGI during the first quarter valued at approximately $188,000. Institutional investors own 58.75% of the company’s stock.
CGI stock traded up $0.01 during mid-day trading on Wednesday, hitting $73.25. The company’s stock had a trading volume of 89,847 shares, compared to its average volume of 172,303. CGI Inc has a twelve month low of $57.35 and a twelve month high of $73.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 1.16. The firm has a market cap of $19.95 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.57.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. CGI had a net margin of 10.29% and a return on equity of 18.34%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that CGI Inc will post 3.55 EPS for the current fiscal year.
GIB has been the topic of several recent research reports. CIBC lowered shares of CGI from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of CGI from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Friday, February 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.00.
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CGI Company Profile
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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