CGI Inc (GIB) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 30.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,059 shares of the technology company’s stock after selling 1,791 shares during the period. Stifel Financial Corp’s holdings in CGI were worth $249,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New boosted its holdings in shares of CGI by 6.7% in the 4th quarter. Cigna Investments Inc. New now owns 3,617 shares of the technology company’s stock valued at $222,000 after acquiring an additional 227 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of CGI by 6.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,300 shares of the technology company’s stock valued at $508,000 after purchasing an additional 500 shares during the period. Wetherby Asset Management Inc. lifted its stake in shares of CGI by 16.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 4,350 shares of the technology company’s stock valued at $266,000 after purchasing an additional 602 shares during the period. Advisor Group Inc. lifted its stake in shares of CGI by 7.6% in the 4th quarter. Advisor Group Inc. now owns 8,633 shares of the technology company’s stock valued at $529,000 after purchasing an additional 611 shares during the period. Finally, Csenge Advisory Group lifted its stake in shares of CGI by 39.1% in the 4th quarter. Csenge Advisory Group now owns 3,386 shares of the technology company’s stock valued at $207,000 after purchasing an additional 952 shares during the period. 58.66% of the stock is currently owned by institutional investors.

Shares of NYSE GIB traded up $0.66 during mid-day trading on Friday, reaching $71.82. The company’s stock had a trading volume of 216,009 shares, compared to its average volume of 157,639. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.23 and a beta of 0.57. The company has a quick ratio of 0.82, a current ratio of 1.16 and a debt-to-equity ratio of 0.28. CGI Inc has a 1-year low of $57.35 and a 1-year high of $73.56.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.28. CGI had a net margin of 10.29% and a return on equity of 18.34%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the business earned $1.04 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts expect that CGI Inc will post 3.55 EPS for the current year.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. CIBC cut shares of CGI from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets restated a “buy” rating on shares of CGI in a research report on Wednesday, January 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $79.00.

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CGI Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

Further Reading: Calculating net profit and net profit margin ratio

Institutional Ownership by Quarter for CGI (NYSE:GIB)

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