CGI (NYSE:GIB) Shares Pass Above 200 Day Moving Average of $84.07

Shares of CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $84.07 and traded as high as $92.66. CGI shares last traded at $92.56, with a volume of 170,188 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GIB shares. TD Securities lifted their price objective on CGI from C$135.00 to C$145.00 in a research note on Thursday, December 22nd. Stifel Nicolaus lifted their price objective on CGI from C$125.00 to C$140.00 in a report on Thursday, February 2nd. Scotiabank raised their target price on shares of CGI from C$135.00 to C$140.00 in a research note on Thursday, February 2nd. StockNews.com lowered shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets lifted their price target on shares of CGI from C$125.00 to C$133.00 in a research report on Thursday, February 2nd.

CGI Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 0.84. The business’s 50 day moving average is $89.23 and its 200 day moving average is $84.07. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.77 and a beta of 0.92.

Institutional Investors Weigh In On CGI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp grew its position in CGI by 2.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,524 shares of the technology company’s stock worth $24,537,000 after buying an additional 4,058 shares during the period. Balentine LLC boosted its position in CGI by 13.6% during the third quarter. Balentine LLC now owns 5,460 shares of the technology company’s stock worth $413,000 after acquiring an additional 654 shares during the last quarter. Natixis acquired a new stake in CGI during the second quarter worth approximately $2,963,000. Quadrant Capital Group LLC boosted its position in CGI by 68.4% during the second quarter. Quadrant Capital Group LLC now owns 2,378 shares of the technology company’s stock worth $189,000 after acquiring an additional 966 shares during the last quarter. Finally, Aviva PLC boosted its position in CGI by 38.6% during the third quarter. Aviva PLC now owns 132,031 shares of the technology company’s stock worth $9,985,000 after acquiring an additional 36,740 shares during the last quarter. 48.54% of the stock is owned by hedge funds and other institutional investors.

About CGI

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.