KFA Private Wealth Group LLC Purchases 6,760 Shares of CGI Inc. (NYSE:GIB)

KFA Private Wealth Group LLC grew its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 120.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,350 shares of the technology company’s stock after acquiring an additional 6,760 shares during the period. CGI accounts for approximately 0.6% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 29th biggest position. KFA Private Wealth Group LLC’s holdings in CGI were worth $1,350,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of CGI by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock valued at $115,844,000 after acquiring an additional 79,362 shares during the last quarter. Barclays PLC raised its position in shares of CGI by 182.6% in the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock worth $54,808,000 after acquiring an additional 308,040 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CGI by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company’s stock worth $64,518,000 after acquiring an additional 21,427 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of CGI in the 3rd quarter worth about $825,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of CGI by 68.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock valued at $157,485,000 after buying an additional 555,017 shares during the period. 66.68% of the stock is currently owned by institutional investors.

CGI Trading Up 1.1 %

NYSE:GIB opened at $113.19 on Tuesday. The firm’s 50 day moving average is $110.55 and its 200 day moving average is $111.12. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $118.89. The stock has a market capitalization of $25.80 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95.

CGI Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.111 per share. The ex-dividend date was Wednesday, November 20th. This represents a yield of 0.4%. CGI’s payout ratio is 8.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and raised their target price for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $178.00 target price on shares of CGI in a research report on Monday, January 6th. Finally, Jefferies Financial Group dropped their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $150.75.

CGI Profile

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.