Signaturefd LLC Increases Position in CGI Inc (NYSE:GIB)

Signaturefd LLC increased its stake in shares of CGI Inc (NYSE:GIB) (TSE:GIB.A) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,973 shares of the technology company’s stock after buying an additional 418 shares during the quarter. Signaturefd LLC’s holdings in CGI were worth $473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. purchased a new stake in shares of CGI during the second quarter valued at $28,000. Ladenburg Thalmann Financial Services Inc. lifted its position in CGI by 30.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 560 shares of the technology company’s stock valued at $43,000 after purchasing an additional 130 shares during the period. NEXT Financial Group Inc acquired a new position in CGI during the second quarter valued at $76,000. Marshall Wace LLP acquired a new position in CGI during the first quarter valued at $110,000. Finally, Neuburgh Advisers LLC lifted its position in CGI by 13.6% during the second quarter. Neuburgh Advisers LLC now owns 2,000 shares of the technology company’s stock valued at $148,000 after purchasing an additional 240 shares during the period. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on GIB shares. Desjardins upgraded shares of CGI from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. National Bank Financial restated a “buy” rating on shares of CGI in a research report on Wednesday, July 31st. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Societe Generale downgraded shares of CGI from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.25.

NYSE GIB traded down $0.41 on Friday, reaching $77.68. 7,491 shares of the company’s stock traded hands, compared to its average volume of 152,294. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.17 and a beta of 0.53. The stock has a 50 day moving average price of $78.14 and a 200-day moving average price of $75.54. CGI Inc has a fifty-two week low of $57.35 and a fifty-two week high of $80.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.75 and a current ratio of 1.09.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.15 billion. CGI had a return on equity of 18.78% and a net margin of 10.32%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. As a group, equities research analysts anticipate that CGI Inc will post 3.58 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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