Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,245 Shares of CGI Inc (NYSE:GIB)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CGI Inc (NYSE:GIB) (TSE:GIB.A) by 1.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 130,828 shares of the technology company’s stock after acquiring an additional 1,245 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CGI were worth $10,352,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. NEXT Financial Group Inc raised its position in shares of CGI by 105.9% during the third quarter. NEXT Financial Group Inc now owns 2,020 shares of the technology company’s stock valued at $160,000 after buying an additional 1,039 shares during the last quarter. WESPAC Advisors SoCal LLC purchased a new stake in CGI in the third quarter valued at approximately $340,000. Signaturefd LLC boosted its position in CGI by 7.5% in the third quarter. Signaturefd LLC now owns 5,973 shares of the technology company’s stock valued at $473,000 after buying an additional 418 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in CGI by 1.1% in the third quarter. Assenagon Asset Management S.A. now owns 28,769 shares of the technology company’s stock valued at $2,276,000 after buying an additional 300 shares during the last quarter. Finally, Natixis boosted its position in CGI by 5.9% in the second quarter. Natixis now owns 36,592 shares of the technology company’s stock valued at $2,819,000 after buying an additional 2,050 shares during the last quarter. Institutional investors own 55.18% of the company’s stock.

Shares of NYSE GIB opened at $79.03 on Tuesday. The business’s 50 day moving average price is $78.13 and its 200 day moving average price is $75.72. The firm has a market cap of $20.92 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.15 and a beta of 0.53. CGI Inc has a 52 week low of $57.35 and a 52 week high of $80.59. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.35.

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

A number of brokerages recently commented on GIB. Barclays began coverage on CGI in a research report on Friday, September 20th. They issued an “overweight” rating and a $90.00 target price on the stock. National Bank Financial reiterated a “buy” rating on shares of CGI in a research report on Wednesday, July 31st. Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine lowered CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Desjardins upgraded CGI from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $88.25.

CGI 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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