CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 780,700 shares, a growth of 48.2% from the April 15th total of 526,800 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 186,900 shares, the short-interest ratio is currently 4.2 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of CGI in the 4th quarter worth about $202,279,000. National Bank of Canada FI purchased a new position in shares of CGI in the 4th quarter worth about $153,156,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of CGI by 74.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,027,745 shares of the technology company’s stock worth $256,745,000 after purchasing an additional 1,291,949 shares during the period. Mackenzie Financial Corp raised its holdings in shares of CGI by 21.0% in the 1st quarter. Mackenzie Financial Corp now owns 5,196,311 shares of the technology company’s stock worth $414,597,000 after purchasing an additional 900,529 shares during the period. Finally, QV Investors Inc. purchased a new position in shares of CGI in the 4th quarter worth about $68,922,000. Hedge funds and other institutional investors own 51.18% of the company’s stock.
NYSE GIB opened at $80.86 on Friday. The business’s 50-day moving average price is $80.65 and its 200 day moving average price is $83.84. CGI has a twelve month low of $76.98 and a twelve month high of $93.93. The company has a market capitalization of $19.68 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44.
CGI Company Profile (Get Rating)
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; 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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