Trillium Asset Management LLC Invests $248,000 in CGI Inc (NYSE:GIB)

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Trillium Asset Management LLC bought a new position in CGI Inc (NYSE:GIB) (TSE:GIB.A) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,134 shares of the technology company’s stock, valued at approximately $248,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in shares of CGI in the second quarter worth approximately $28,000. CWM LLC grew its position in CGI by 182.3% during the third quarter. CWM LLC now owns 367 shares of the technology company’s stock valued at $29,000 after purchasing an additional 237 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in CGI by 30.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 560 shares of the technology company’s stock valued at $43,000 after purchasing an additional 130 shares in the last quarter. Parallel Advisors LLC grew its position in CGI by 100.0% during the third quarter. Parallel Advisors LLC now owns 866 shares of the technology company’s stock valued at $69,000 after purchasing an additional 433 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new position in CGI during the second quarter valued at approximately $76,000. 55.50% of the stock is currently owned by institutional investors and hedge funds.

GIB stock traded up $0.56 during trading hours on Friday, hitting $81.40. The company’s stock had a trading volume of 8,416 shares, compared to its average volume of 167,293. The company has a quick ratio of 0.75, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $21.82 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.20 and a beta of 0.53. CGI Inc has a 12 month low of $57.35 and a 12 month high of $80.89. The stock has a 50 day moving average price of $78.31 and a two-hundred day moving average price of $76.71.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.29. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. CGI had a net margin of 10.43% and a return on equity of 19.04%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. Sell-side analysts expect that CGI Inc will post 3.94 earnings per share for the current year.

A number of research analysts recently commented on GIB shares. CIBC reaffirmed a “hold” rating and set a $106.00 price objective on shares of CGI in a research report on Thursday, November 7th. Zacks Investment Research raised shares of CGI from a “sell” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, November 8th. Raymond James set a $110.00 price objective on shares of CGI and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays started coverage on shares of CGI in a research report on Friday, September 20th. They set an “overweight” rating and a $90.00 price objective on the stock. Finally, ValuEngine downgraded shares of CGI from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $95.60.

About CGI

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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