CGI (NYSE:GIB) Sets New 12-Month High at $104.64

CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $104.64 and last traded at $104.44, with a volume of 9210 shares trading hands. The stock had previously closed at $104.02.

Analysts Set New Price Targets

Several research analysts have commented on GIB shares. CIBC boosted their price objective on shares of CGI from C$140.00 to C$146.00 in a research report on Thursday, February 2nd. BMO Capital Markets boosted their target price on shares of CGI from C$125.00 to C$133.00 in a research note on Thursday, February 2nd. Stifel Nicolaus boosted their target price on shares of CGI from C$125.00 to C$140.00 in a research note on Thursday, February 2nd. Raymond James boosted their target price on shares of CGI from C$134.00 to C$138.00 in a research note on Thursday, February 2nd. Finally, Desjardins boosted their target price on shares of CGI from C$136.00 to C$140.00 in a research note on Thursday, February 2nd.

CGI Stock Up 0.6 %

The stock has a 50-day moving average price of $98.04 and a 200-day moving average price of $90.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.08 and a quick ratio of 0.81. The company has a market capitalization of $24.68 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.13 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ronald Blue Trust Inc. acquired a new stake in shares of CGI during the fourth quarter worth $25,000. Guardian Wealth Advisors LLC acquired a new stake in CGI in the third quarter worth $27,000. Heritage Wealth Management LLC grew its holdings in CGI by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 328 shares of the technology company’s stock worth $28,000 after purchasing an additional 164 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in CGI in the fourth quarter worth $30,000. Finally, Belpointe Asset Management LLC grew its holdings in CGI by 2,507.1% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the technology company’s stock worth $35,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 48.54% of the company’s stock.

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.