First Trust Direct Indexing L.P. Has $477,000 Stock Position in CGI Inc. (NYSE:GIB)

First Trust Direct Indexing L.P. grew its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,449 shares of the technology company’s stock after acquiring an additional 390 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in CGI were worth $477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GIB. Janiczek Wealth Management LLC boosted its holdings in CGI by 4.5% in 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 period. Oppenheimer Asset Management Inc. boosted its stake in shares of CGI by 6.8% in 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 grew its position in CGI by 1.0% during the third quarter. Sequoia Financial Advisors LLC now owns 17,369 shares of the technology company’s stock worth $1,711,000 after buying an additional 175 shares in the last quarter. Truist Financial Corp increased its stake in CGI by 6.2% during the 4th 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. Finally, Hexagon Capital Partners LLC raised its holdings in CGI by 297.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Up 1.5 %

Shares of GIB opened at $103.68 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.17. CGI Inc. has a 52-week low of $93.07 and a 52-week high of $118.89. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.39 and a beta of 0.93. The business’s fifty day moving average is $109.85 and its 200-day moving average is $107.01.

Analyst Ratings Changes

GIB has been the topic of several analyst reports. TD Securities raised CGI from a “hold” rating to a “buy” rating in a report on Thursday. CIBC decreased their target price on shares of CGI from $169.00 to $165.00 and set an “outperformer” rating on the stock in a report on Thursday. Finally, StockNews.com downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

CGI 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.