Western Wealth Management LLC Acquires New Holdings in CGI Inc. (NYSE:GIB)

Western Wealth Management LLC acquired a new stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janiczek Wealth Management LLC grew its holdings in CGI by 4.5% in the fourth quarter. Janiczek Wealth Management LLC now owns 3,340 shares of the technology company’s stock worth $358,000 after purchasing an additional 143 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in CGI by 3.7% in the third quarter. First Trust Direct Indexing L.P. now owns 4,059 shares of the technology company’s stock worth $400,000 after purchasing an additional 146 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in CGI by 6.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,477 shares of the technology company’s stock worth $244,000 after purchasing an additional 158 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in CGI by 1.0% in the third quarter. Sequoia Financial Advisors LLC now owns 17,369 shares of the technology company’s stock worth $1,711,000 after purchasing an additional 175 shares during the last quarter. Finally, Aviva PLC grew its holdings in CGI by 2.5% in the third quarter. Aviva PLC now owns 8,323 shares of the technology company’s stock worth $823,000 after purchasing an additional 204 shares during the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

CGI Price Performance

Shares of GIB opened at $105.93 on Tuesday. The firm has a market capitalization of $24.61 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. CGI Inc. has a 1-year low of $93.07 and a 1-year high of $118.89. The company’s fifty day moving average price is $111.85 and its 200-day moving average price is $106.79.

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 for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.59 billion. CGI had a net margin of 11.34% and a return on equity of 20.65%. On average, equities research analysts predict that CGI Inc. will post 5.68 EPS for the current year.

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.