BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 71,576 Shares of CGI Inc. (NYSE:GIB)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 55.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 200,361 shares of the technology company’s stock after purchasing an additional 71,576 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in CGI were worth $23,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CGI by 68.2% in 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. West Family Investments Inc. lifted its stake in CGI by 5.5% during the 3rd quarter. West Family Investments Inc. now owns 2,323 shares of the technology company’s stock valued at $267,000 after acquiring an additional 121 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in CGI during the 3rd quarter valued at $825,000. Thrivent Financial for Lutherans purchased a new position in CGI during the 3rd quarter worth $209,000. Finally, Natixis Advisors LLC raised its holdings in shares of CGI by 18.2% in the third quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company’s stock valued at $2,663,000 after purchasing an additional 3,564 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

CGI Trading Down 0.3 %

NYSE:GIB opened at $111.62 on Friday. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $118.89. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $113.34 and its 200 day moving average is $108.17. The stock has a market capitalization of $25.44 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96.

CGI Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GIB shares. Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and upped their price objective for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CGI has an average rating of “Buy” and a consensus price target of $137.00.

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.