CGI Inc. (NYSE:GIB) Shares Sold by Guardian Capital LP

Guardian Capital LP reduced its stake in shares of CGI Inc. (NYSE:GIBFree Report) (TSE:GIB.A) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,475 shares of the technology company’s stock after selling 71,382 shares during the quarter. CGI accounts for 2.8% of Guardian Capital LP’s portfolio, making the stock its 10th largest position. Guardian Capital LP owned about 0.32% of CGI worth $79,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of GIB. Hexagon Capital Partners LLC raised its stake in CGI by 297.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. Group One Trading L.P. acquired a new position in CGI during the third quarter worth $36,000. Quantbot Technologies LP acquired a new position in CGI during the third quarter worth $41,000. Allworth Financial LP raised its stake in CGI by 130.9% during the third quarter. Allworth Financial LP now owns 651 shares of the technology company’s stock worth $64,000 after acquiring an additional 369 shares in the last quarter. Finally, Tritonpoint Wealth LLC acquired a new position in CGI during the fourth quarter worth $205,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com cut CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th. CIBC decreased their target price on CGI from $169.00 to $165.00 and set an “outperformer” rating on the stock in a report on Thursday, May 2nd. Finally, TD Securities upgraded CGI from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd.

Check Out Our Latest Stock Analysis on CGI

CGI Trading Up 0.6 %

CGI stock traded up $0.64 during mid-day trading on Tuesday, hitting $102.34. The stock had a trading volume of 135,662 shares, compared to its average volume of 152,357. The stock has a 50-day simple moving average of $108.31 and a two-hundred day simple moving average of $107.24. The stock has a market capitalization of $23.78 billion, a PE ratio of 19.69, a P/E/G ratio of 2.38 and a beta of 0.93. CGI Inc. has a 12 month low of $93.07 and a 12 month high of $118.89. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.

CGI Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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