We Are One Seven LLC Sells 240 Shares of CGI Inc (NYSE:GIB)

We Are One Seven LLC trimmed its position in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,692 shares of the technology company’s stock after selling 240 shares during the quarter. We Are One Seven LLC’s holdings in CGI were worth $283,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Clark Capital Management Group Inc. boosted its position in shares of CGI by 2.5% during the 2nd quarter. Clark Capital Management Group Inc. now owns 493,841 shares of the technology company’s stock worth $38,053,000 after acquiring an additional 11,988 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of CGI during the 2nd quarter worth approximately $28,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of CGI by 18.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 218,444 shares of the technology company’s stock worth $15,020,000 after acquiring an additional 34,441 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of CGI during the 1st quarter worth approximately $3,129,000. Finally, Marshall Wace LLP acquired a new stake in shares of CGI during the 1st quarter worth approximately $110,000. 56.72% of the stock is currently owned by institutional investors.

CGI stock traded up $1.25 during mid-day trading on Thursday, reaching $78.18. The company had a trading volume of 11,807 shares, compared to its average volume of 126,385. CGI Inc has a fifty-two week low of $57.35 and a fifty-two week high of $80.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 1.16. The firm has a market cap of $21.88 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.40 and a beta of 0.54. The company has a fifty day moving average of $77.84.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). CGI had a net margin of 10.29% and a return on equity of 18.34%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts predict that CGI Inc will post 3.56 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CGI from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research report on Wednesday, June 26th. Bank of America assumed coverage on shares of CGI in a research report on Thursday, May 23rd. They set a “buy” rating and a $83.00 price target on the stock. Finally, CIBC lowered shares of CGI from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $82.75.

CGI Company 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.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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