125,053 CGI Group, Inc. $GIB Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 24.3% in the third quarter, Holdings Channel reports. The institutional investor owned 388,879 shares of the technology company’s stock after selling 125,053 shares during the quarter. CGI Group accounts for about 1.8% of New South Capital Management Inc.’s portfolio, making the stock its 18th largest position. New South Capital Management Inc.’s holdings in CGI Group were worth $26,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIB. Ritholtz Wealth Management raised its position in shares of CGI Group by 220.1% during the 3rd quarter. Ritholtz Wealth Management now owns 47,583 shares of the technology company’s stock valued at $3,237,000 after acquiring an additional 32,717 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in CGI Group in the third quarter worth $340,000. Fulcrum Asset Management LLP acquired a new position in CGI Group in the third quarter worth $212,000. Ethic Inc. boosted its holdings in CGI Group by 30.2% in the third quarter. Ethic Inc. now owns 32,271 shares of the technology company’s stock worth $2,195,000 after purchasing an additional 7,486 shares during the period. Finally, CenterBook Partners LP bought a new stake in CGI Group during the third quarter valued at $532,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $100.00 target price on shares of CGI Group in a report on Tuesday, October 6th. Weiss Ratings raised shares of CGI Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Finally, TD Securities downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, CGI Group currently has an average rating of “Hold” and an average price target of $85.00.

Key Headlines Impacting CGI Group

These are some of the GIB headlines that stood out recently:

• Positive Sentiment: Fourth-quarter revenue rose 3.3% to C$4.15 billion, while reported net earnings increased 20.8% and diluted EPS rose 30.2% year over year. The company also reported bookings of C$4.53 billion, a 109.2% book-to-bill ratio, and operating cash flow of C$551.9 million. CGI fiscal 2026 results
• Positive Sentiment: Quarterly EPS of $1.65 narrowly beat the $1.64 consensus estimate and was up from $1.55 a year earlier. Zacks earnings report
• Neutral Sentiment: Underlying growth was more restrained: fourth-quarter revenue increased 2.5% in constant currency, adjusted EBIT rose 1.6%, and adjusted net earnings rose 0.8%. Investors may weigh that modest adjusted growth against the stronger reported profit figures. CGI fiscal 2026 results

CGI Group Stock Down 1.6%

Shares of CGI Group stock opened at $81.15 on Thursday. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 13.92 and a beta of 0.42. CGI Group, Inc. has a twelve month low of $59.63 and a twelve month high of $95.20. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $74.36 and its 200-day simple moving average is $72.18.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, November 11th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.90 billion. CGI Group had a return on equity of 18.83% and a net margin of 10.54%. Equities research analysts forecast that CGI Group, Inc. will post 6.36 earnings per share for the current year.

CGI Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 27th will be given a dividend of C$0.18 per share. This is an increase from CGI Group’s previous quarterly dividend of C$0.17. This represents a $0.74 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 27th. CGI Group’s payout ratio is currently 8.23%.

CGI Group Company Profile

CGI Inc., formerly known as CGI Group, is a Canadian information technology and business consulting company founded in 1976 in Montréal. It works with businesses and government organizations to plan, build and operate technology and business systems. The company provides IT and business consulting, systems integration, application development and maintenance, managed IT services, and business process services. Its work also covers areas such as cloud computing, cybersecurity, data analytics and digital transformation.