Sumitomo Mitsui Trust Holdings Inc. Has $67.29 Million Holdings in CGI Inc. (NYSE:GIB)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 626,075 shares of the technology company’s stock after purchasing an additional 33,811 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CGI were worth $67,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AlphaQ Advisors LLC grew its position in shares of CGI by 11.4% during the 4th quarter. AlphaQ Advisors LLC now owns 3,575 shares of the technology company’s stock worth $383,000 after purchasing an additional 366 shares in the last quarter. Janiczek Wealth Management LLC grew its position in shares of CGI by 4.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 3,340 shares of the technology company’s stock worth $358,000 after purchasing an additional 143 shares in the last quarter. Cerity Partners LLC grew its position in shares of CGI by 32.6% during the 4th quarter. Cerity Partners LLC now owns 3,772 shares of the technology company’s stock worth $404,000 after purchasing an additional 927 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of CGI by 5.6% during the 4th quarter. GHP Investment Advisors Inc. now owns 33,422 shares of the technology company’s stock worth $3,583,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of CGI by 77.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,784 shares of the technology company’s stock worth $3,300,000 after acquiring an additional 13,415 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Stock Performance

NYSE GIB opened at $103.90 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.91 and a beta of 0.92. The firm’s 50 day simple moving average is $112.21 and its 200 day simple moving average is $106.56. CGI Inc. has a 1 year low of $93.07 and a 1 year high of $118.89.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.59 billion. CGI had a net margin of 11.34% and a return on equity of 20.65%. As a group, research analysts expect that CGI Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CGI from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

CGI Company 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.