Toronto Dominion Bank raised its holdings in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 23.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,405,201 shares of the technology company’s stock after acquiring an additional 270,365 shares during the period. Toronto Dominion Bank’s holdings in CGI were worth $96,805,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Parallel Advisors LLC grew its holdings in CGI by 59.0% in the 1st quarter. Parallel Advisors LLC now owns 574 shares of the technology company’s stock valued at $39,000 after buying an additional 213 shares during the period. Cigna Investments Inc. New grew its holdings in 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 buying an additional 227 shares during the period. Oppenheimer & Co. Inc. grew its holdings in 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 buying an additional 500 shares during the period. Wetherby Asset Management Inc. grew its holdings in 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 buying an additional 602 shares during the period. Finally, Advisor Group Inc. grew its holdings in 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 buying an additional 611 shares during the period. Institutional investors own 58.66% of the company’s stock.
Shares of NYSE:GIB traded down $0.68 during trading on Monday, reaching $71.14. 7,422 shares of the stock were exchanged, compared to its average volume of 157,639. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 1.16. CGI Inc has a 12-month low of $57.35 and a 12-month high of $73.56. The stock has a market capitalization of $19.52 billion, a P/E ratio of 22.19, a PEG ratio of 2.23 and a beta of 0.57.
Several research firms have commented on GIB. Zacks Investment Research cut CGI from a “buy” rating to a “hold” rating in a report on Monday, May 6th. CIBC cut CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets restated a “buy” rating on shares of CGI in a report on Wednesday, January 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CGI presently has an average rating of “Buy” and a consensus price target of $79.00.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/13/cgi-inc-gib-holdings-increased-by-toronto-dominion-bank.html.
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: What is systematic risk?
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) (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.