Vontobel Holding Ltd. Purchases 100 Shares of CGI Group, Inc. (NYSE:GIB)

Vontobel Holding Ltd. lifted its position in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,135 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. Vontobel Holding Ltd.’s holdings in CGI Group were worth $613,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GIB. Fifth Third Bancorp increased its stake in CGI Group by 239.5% during the first quarter. Fifth Third Bancorp now owns 258 shares of the technology company’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in CGI Group during the fourth quarter worth approximately $83,000. Hoey Investments Inc. bought a new stake in CGI Group during the fourth quarter worth approximately $99,000. Versant Capital Management Inc increased its stake in CGI Group by 371.7% during the first quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company’s stock worth $105,000 after acquiring an additional 829 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in CGI Group by 80.4% during the fourth quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company’s stock worth $142,000 after acquiring an additional 579 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a $192.00 price objective on shares of CGI Group in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CGI Group currently has a consensus rating of “Buy” and a consensus target price of $156.75.

CGI Group Stock Up 0.9%

Shares of NYSE:GIB opened at $106.19 on Monday. CGI Group, Inc. has a 1 year low of $92.85 and a 1 year high of $122.79. The business has a 50 day simple moving average of $106.73 and a two-hundred day simple moving average of $107.58. The firm has a market capitalization of $23.83 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 0.92.

CGI Group (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). CGI Group had a net margin of 11.53% and a return on equity of 18.86%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $1.97 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that CGI Group, Inc. will post 5.79 EPS for the current year.

CGI Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 16th were given a dividend of $0.1086 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from CGI Group’s previous quarterly dividend of $0.10. CGI Group’s payout ratio is 7.83%.

CGI Group 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.