2,079 Shares in CGI Inc. (NYSE:GIB) Bought by Mather Group LLC.

Mather Group LLC. bought a new stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,079 shares of the technology company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of GIB. Janiczek Wealth Management LLC increased its position in shares of CGI by 4.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 3,340 shares of the technology company’s stock valued at $358,000 after purchasing an additional 143 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of CGI by 3.7% in the third quarter. First Trust Direct Indexing L.P. now owns 4,059 shares of the technology company’s stock worth $400,000 after buying an additional 146 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in CGI by 6.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,477 shares of the technology company’s stock valued at $244,000 after buying an additional 158 shares during the period. Sequoia Financial Advisors LLC increased its holdings in CGI by 1.0% during the third quarter. Sequoia Financial Advisors LLC now owns 17,369 shares of the technology company’s stock valued at $1,711,000 after buying an additional 175 shares during the last quarter. Finally, Truist Financial Corp raised its position in CGI by 6.2% in the fourth quarter. Truist Financial Corp now owns 3,402 shares of the technology company’s stock worth $365,000 after acquiring an additional 198 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GIB has been the subject of a number of recent research reports. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating in a research report on Thursday. StockNews.com lowered CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, CIBC decreased their price objective on CGI from $169.00 to $165.00 and set an “outperformer” rating on the stock in a research note on Thursday.

CGI Stock Performance

Shares of NYSE GIB opened at $103.69 on Friday. The stock has a market cap of $24.09 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.18 and a beta of 0.93. CGI Inc. has a 1 year low of $93.07 and a 1 year high of $118.89. The firm has a fifty day moving average price of $110.10 and a 200-day moving average price of $106.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. CGI had a net margin of 11.38% and a return on equity of 20.73%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equities analysts anticipate that CGI Inc. will post 5.69 earnings per share 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.