CGI Inc. (NYSE:GIB) Shares Purchased by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC increased its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 35.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,522 shares of the technology company’s stock after buying an additional 1,182 shares during the quarter. Janiczek Wealth Management LLC’s holdings in CGI were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in CGI by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock worth $746,389,000 after purchasing an additional 132,166 shares during the period. Bank of Nova Scotia lifted its position in CGI by 100.0% during the 3rd quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company’s stock worth $138,450,000 after acquiring an additional 702,339 shares during the last quarter. Assetmark Inc. increased its position in CGI by 6,175.4% in the 4th quarter. Assetmark Inc. now owns 3,577 shares of the technology company’s stock worth $383,000 after buying an additional 3,520 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in CGI during the 4th quarter valued at $1,409,000. Finally, MQS Management LLC raised its position in shares of CGI by 26.3% during the third quarter. MQS Management LLC now owns 3,859 shares of the technology company’s stock valued at $380,000 after buying an additional 804 shares during the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Stock Performance

Shares of CGI stock traded down $0.46 on Thursday, hitting $99.75. The stock had a trading volume of 50,785 shares, compared to its average volume of 155,010. The business’s 50 day moving average is $102.11 and its two-hundred day moving average is $107.38. CGI Inc. has a twelve month low of $93.07 and a twelve month high of $118.89. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 0.22.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.02. CGI had a return on equity of 20.43% and a net margin of 11.38%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.79 billion. Analysts forecast that CGI Inc. will post 5.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GIB shares. CIBC lowered shares of CGI from a “sector outperform” rating to a “neutral” rating in a research report on Friday, June 21st. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, StockNews.com cut CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.