11,925 Shares in CGI (GIB) Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division purchased a new position in shares of CGI (NYSE:GIB) (TSE:GIB.A) in the third quarter, Holdings Channel reports. The fund purchased 11,925 shares of the technology company’s stock, valued at approximately $769,000.

Several other institutional investors have also bought and sold shares of GIB. Acadian Asset Management LLC increased its holdings in CGI by 1.1% in the 3rd quarter. Acadian Asset Management LLC now owns 743,972 shares of the technology company’s stock worth $47,932,000 after purchasing an additional 8,000 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in CGI by 347.3% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 112,712 shares of the technology company’s stock worth $7,268,000 after purchasing an additional 87,512 shares in the last quarter. EULAV Asset Management increased its holdings in CGI by 14.7% in the 3rd quarter. EULAV Asset Management now owns 47,600 shares of the technology company’s stock worth $3,069,000 after purchasing an additional 6,100 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in CGI by 1.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 857,193 shares of the technology company’s stock worth $54,753,000 after purchasing an additional 14,881 shares in the last quarter. Finally, Creative Planning increased its holdings in CGI by 4.2% in the 3rd quarter. Creative Planning now owns 23,384 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 946 shares in the last quarter. 58.78% of the stock is owned by institutional investors.

A number of brokerages have issued reports on GIB. Zacks Investment Research cut CGI from a “buy” rating to a “hold” rating in a report on Thursday. Desjardins raised CGI from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th. Barclays upped their target price on CGI from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Finally, Scotiabank cut CGI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.75.

Shares of GIB stock opened at $61.30 on Monday. The stock has a market capitalization of $17.22 billion, a PE ratio of 22.05, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. CGI has a 1-year low of $51.16 and a 1-year high of $66.53.

About CGI

CGI Group Inc provides information technology (IT) and business process services in Canada and internationally. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company offers application development, integration, and maintenance services; technology infrastructure management services; and business process services, such as collections and payroll management.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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