CGI (NYSE:GIB) Share Price Crosses Above 200-Day Moving Average of $84.07

Shares of CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $84.07 and traded as high as $92.66. CGI shares last traded at $92.56, with a volume of 170,188 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on CGI from C$125.00 to C$140.00 in a research note on Thursday, February 2nd. StockNews.com cut CGI from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. BMO Capital Markets raised their price target on CGI from C$125.00 to C$133.00 in a report on Thursday, February 2nd. CIBC raised their price target on CGI from C$140.00 to C$146.00 in a report on Thursday, February 2nd. Finally, TD Securities raised their price objective on CGI from C$135.00 to C$145.00 in a report on Thursday, December 22nd.

CGI Stock Up 1.6 %

The company has a 50 day moving average price of $89.23 and a two-hundred day moving average price of $84.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 0.84. The stock has a market cap of $22.07 billion, a PE ratio of 19.57, a PEG ratio of 1.77 and a beta of 0.92.

Hedge Funds Weigh In On CGI

A number of hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in shares of CGI in the fourth quarter worth approximately $208,000. Natixis lifted its holdings in shares of CGI by 397.7% during the 4th quarter. Natixis now owns 78,089 shares of the technology company’s stock valued at $6,726,000 after purchasing an additional 62,398 shares during the last quarter. DGS Capital Management LLC raised its stake in CGI by 22.6% in the 4th quarter. DGS Capital Management LLC now owns 17,501 shares of the technology company’s stock worth $1,507,000 after acquiring an additional 3,231 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in CGI by 1.6% in the 4th quarter. GHP Investment Advisors Inc. now owns 30,786 shares of the technology company’s stock worth $2,652,000 after acquiring an additional 488 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in CGI by 5.1% in the 4th quarter. Alliancebernstein L.P. now owns 31,693 shares of the technology company’s stock worth $2,730,000 after acquiring an additional 1,540 shares during the last quarter. Institutional investors own 48.54% of the company’s stock.

CGI Company Profile

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.