Cerity Partners LLC Has $404,000 Stake in CGI Inc. (NYSE:GIB)

Cerity Partners LLC increased its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,772 shares of the technology company’s stock after buying an additional 927 shares during the period. Cerity Partners LLC’s holdings in CGI were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIB. Exchange Traded Concepts LLC raised its position in shares of 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 buying an additional 217 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of CGI in the third quarter valued at approximately $394,000. Bank of New York Mellon Corp raised its position in CGI by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 278,213 shares of the technology company’s stock valued at $27,401,000 after purchasing an additional 3,153 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CGI by 10.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,762 shares of the technology company’s stock valued at $4,135,000 after purchasing an additional 3,881 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in CGI by 15.0% during the third quarter. Mackenzie Financial Corp now owns 6,190,061 shares of the technology company’s stock valued at $598,239,000 after purchasing an additional 805,973 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CGI Stock Down 1.7 %

Shares of GIB opened at $103.14 on Friday. CGI Inc. has a one year low of $93.07 and a one year high of $118.89. The company has a market cap of $23.96 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $111.30 and a two-hundred day simple moving average of $106.79.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. CGI had a net margin of 11.34% and a return on equity of 20.65%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.59 billion. Research analysts forecast that CGI Inc. will post 5.68 EPS for the current fiscal year.

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.