GHP Investment Advisors Inc. Purchases 1,771 Shares of CGI Inc. (NYSE:GIB)

GHP Investment Advisors Inc. boosted its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,422 shares of the technology company’s stock after buying an additional 1,771 shares during the period. GHP Investment Advisors Inc.’s holdings in CGI were worth $3,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GIB. Exchange Traded Concepts LLC boosted its stake in CGI by 471.7% during the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock valued at $26,000 after buying an additional 217 shares during the last quarter. Belpointe Asset Management LLC raised its position in CGI by 2,507.1% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the technology company’s stock valued at $35,000 after purchasing an additional 351 shares during the period. Group One Trading L.P. purchased a new stake in CGI during the third quarter valued at approximately $36,000. Quantbot Technologies LP purchased a new stake in CGI during the third quarter valued at approximately $41,000. Finally, Allworth Financial LP raised its position in CGI by 130.9% during the third quarter. Allworth Financial LP now owns 651 shares of the technology company’s stock valued at $64,000 after purchasing an additional 369 shares during the period. 66.68% of the stock is owned by institutional investors.

CGI Trading Down 2.0 %

Shares of GIB stock opened at $104.98 on Thursday. CGI Inc. has a 1 year low of $93.07 and a 1 year high of $118.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $113.32 and its two-hundred day simple moving average is $106.40. The company has a market cap of $24.39 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. CGI had a return on equity of 20.65% and a net margin of 11.34%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.59 billion. Research analysts predict that CGI Inc. will post 5.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CGI from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

CGI Company 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.