CGI (NYSE:GIB) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of CGI (NYSE:GIB) (TSE:GIB.A) from a hold rating to a buy rating in a research report sent to investors on Thursday, MarketBeat.com reports.

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

CGI Stock Up 1.5 %

Shares of GIB opened at $103.68 on Thursday. CGI has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The company’s fifty day moving average is $109.85 and its two-hundred day moving average is $107.01. The firm has a market cap of $24.09 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.39 and a beta of 0.93. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 0.22.

Institutional Trading of CGI

A number of hedge funds and other institutional investors have recently made changes to their positions in GIB. Exchange Traded Concepts LLC lifted its position in shares of CGI by 471.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock worth $26,000 after buying an additional 217 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in CGI by 297.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock worth $29,000 after purchasing an additional 202 shares during the period. Dixon Mitchell Investment Counsel Inc. bought a new position in CGI during the 1st quarter valued at $30,000. Group One Trading L.P. bought a new stake in shares of CGI in the 3rd quarter worth $36,000. Finally, Quantbot Technologies LP acquired a new stake in shares of CGI in the third quarter valued at $41,000. Institutional investors own 66.68% of the company’s stock.

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.