CGI Group Inc (GIB) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in CGI Group Inc (NYSE:GIB) (TSE:GIB.A) by 1,725.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,074 shares of the technology company’s stock after purchasing an additional 437,702 shares during the period. Mackenzie Financial Corp owned approximately 0.16% of CGI Group worth $24,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lincoln National Corp raised its holdings in shares of CGI Group by 3.4% during the second quarter. Lincoln National Corp now owns 7,973 shares of the technology company’s stock worth $407,000 after acquiring an additional 263 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of CGI Group by 21.2% during the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock worth $111,000 after acquiring an additional 380 shares in the last quarter. Knowledge Leaders Capital LLC raised its holdings in shares of CGI Group by 0.8% during the second quarter. Knowledge Leaders Capital LLC now owns 72,473 shares of the technology company’s stock worth $3,705,000 after acquiring an additional 577 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of CGI Group by 11.1% during the second quarter. Voya Investment Management LLC now owns 8,371 shares of the technology company’s stock worth $427,000 after acquiring an additional 837 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its holdings in shares of CGI Group by 1.6% during the third quarter. Regentatlantic Capital LLC now owns 61,541 shares of the technology company’s stock worth $3,192,000 after acquiring an additional 960 shares in the last quarter. Institutional investors own 57.46% of the company’s stock.

CGI Group Inc (NYSE GIB) remained flat at $$52.80 during trading on Thursday. The company’s stock had a trading volume of 133,800 shares, compared to its average volume of 175,157. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $15,591.58, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.87 and a beta of 0.87. CGI Group Inc has a fifty-two week low of $45.81 and a fifty-two week high of $54.42.

GIB has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and set a $60.00 price objective (up from $55.00) on shares of CGI Group in a report on Wednesday, August 9th. BidaskClub lowered CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research lowered CGI Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 price objective (up from $75.00) on shares of CGI Group in a report on Thursday, November 9th. Finally, Scotiabank increased their target price on shares of CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. CGI Group currently has a consensus rating of “Hold” and an average price target of $68.75.

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CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

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Institutional Ownership by Quarter for CGI Group (NYSE:GIB)

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