CGI Inc. (NYSE:GIB) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,606 shares of the technology company’s stock after selling 2,156 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CGI were worth $4,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIB. Exchange Traded Concepts LLC lifted its holdings in CGI by 471.7% in the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock valued at $26,000 after acquiring an additional 217 shares during the period. Belpointe Asset Management LLC lifted 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 valued at $35,000 after acquiring an additional 351 shares during the period. Group One Trading L.P. acquired a new stake in CGI in the third quarter valued at $36,000. Quantbot Technologies LP acquired a new position in shares of CGI during the 3rd quarter worth $41,000. Finally, Allworth Financial LP raised its stake in shares of CGI by 130.9% during the 3rd quarter. Allworth Financial LP now owns 651 shares of the technology company’s stock worth $64,000 after buying an additional 369 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CGI from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

CGI Trading Up 0.1 %

NYSE:GIB opened at $104.01 on Monday. The company has a market capitalization of $24.16 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.22. CGI Inc. has a 52-week low of $93.07 and a 52-week high of $118.89. The stock has a fifty day simple moving average of $112.00 and a 200-day simple moving average of $106.73.

CGI (NYSE:GIB) (TSE:GIB.A) last released 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 during the quarter, compared to the consensus estimate of $2.59 billion. CGI had a return on equity of 20.65% and a net margin of 11.34%. On average, equities research analysts expect that CGI Inc. will post 5.68 earnings per share for the current fiscal year.

About CGI

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.