Syon Capital LLC cut its position in shares of CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 5.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,656 shares of the technology company’s stock after selling 155 shares during the quarter. Syon Capital LLC’s holdings in CGI were worth $285,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of CGI by 2,854.5% during the third quarter. FMR LLC now owns 1,622,077 shares of the technology company’s stock valued at $159,884,000 after acquiring an additional 1,567,176 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of CGI by 15.0% during the third quarter. Mackenzie Financial Corp now owns 6,190,061 shares of the technology company’s stock valued at $598,239,000 after acquiring an additional 805,973 shares during the last quarter. Bank of Nova Scotia increased its position in shares of CGI by 100.0% during the third quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company’s stock valued at $138,450,000 after acquiring an additional 702,339 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of CGI by 12.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,505,781 shares of the technology company’s stock valued at $348,026,000 after acquiring an additional 401,717 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of CGI by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock valued at $746,389,000 after acquiring an additional 132,166 shares during the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.
CGI Price Performance
Shares of GIB opened at $103.14 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The stock has a market cap of $23.96 billion, a PE ratio of 20.11, a P/E/G ratio of 2.26 and a beta of 0.92. The firm has a 50-day simple moving average of $111.07 and a two-hundred day simple moving average of $106.87. CGI Inc. has a 1-year low of $93.07 and a 1-year high of $118.89.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of CGI from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.
View Our Latest Stock Report on GIB
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.
Read More
- Five stocks we like better than CGI
- What Investors Need to Know to Beat the Market
- MarketBeat Week in Review – 4/22 – 4/26
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Investors Need to Know About Upcoming IPOs
- How to Use Put Debit Spreads to Profit From Falling Stocks
Want to see what other hedge funds are holding GIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A).
Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.