Natixis Advisors L.P. trimmed its position in CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,728 shares of the technology company’s stock after selling 401 shares during the quarter. Natixis Advisors L.P.’s holdings in CGI were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in GIB. Norges Bank bought a new position in CGI during the 4th quarter worth $203,388,000. Triasima Portfolio Management inc. bought a new position in CGI during the 4th quarter worth $27,243,000. Goldman Sachs Group Inc. grew its stake in CGI by 123.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 506,007 shares of the technology company’s stock worth $40,394,000 after buying an additional 279,884 shares during the last quarter. Renaissance Technologies LLC boosted its position in CGI by 315.0% during the 1st quarter. Renaissance Technologies LLC now owns 345,700 shares of the technology company’s stock worth $27,585,000 after acquiring an additional 262,400 shares during the period. Finally, Morgan Stanley boosted its position in CGI by 43.2% during the 4th quarter. Morgan Stanley now owns 792,171 shares of the technology company’s stock worth $68,230,000 after acquiring an additional 238,852 shares during the period. 49.02% of the stock is currently owned by institutional investors.
CGI Trading Down 0.3 %
Shares of GIB stock opened at $103.86 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.15. The firm has a market capitalization of $24.45 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. The stock has a fifty day moving average of $102.59 and a two-hundred day moving average of $99.78. CGI Inc. has a 1 year low of $72.23 and a 1 year high of $107.66.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on CGI in a research report on Thursday, August 17th. They set a “hold” rating for the company.
CGI Company Profile
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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