United Capital Financial Advisers LLC increased its stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 5.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 168,512 shares of the technology company’s stock after buying an additional 9,208 shares during the period. United Capital Financial Advisers LLC owned 0.06% of CGI Group worth $8,077,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in GIB. Glassman Wealth Services acquired a new position in shares of CGI Group during the fourth quarter worth $168,000. Fiera Capital Corp boosted its position in CGI Group by 23.8% in the fourth quarter. Fiera Capital Corp now owns 4,932,241 shares of the technology company’s stock worth $236,308,000 after buying an additional 948,488 shares during the last quarter. Franklin Resources Inc. boosted its position in CGI Group by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 241,471 shares of the technology company’s stock worth $11,588,000 after buying an additional 12,581 shares during the last quarter. William Blair Investment Management LLC boosted its position in CGI Group by 29.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,911,365 shares of the technology company’s stock worth $91,845,000 after buying an additional 435,000 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in CGI Group by 3.5% in the fourth quarter. Public Sector Pension Investment Board now owns 473,180 shares of the technology company’s stock worth $22,737,000 after buying an additional 16,000 shares during the last quarter. 63.24% of the stock is currently owned by institutional investors and hedge funds.
CGI Group, Inc. (GIB) traded down 0.73% during mid-day trading on Tuesday, reaching $50.18. 124,268 shares of the company’s stock traded hands. CGI Group, Inc. has a 12 month low of $40.88 and a 12 month high of $51.29. The firm’s 50-day moving average price is $49.19 and its 200 day moving average price is $48.12. The stock has a market capitalization of $14.87 billion, a PE ratio of 18.76 and a beta of 0.92.
CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.01. CGI Group had a return on equity of 17.38% and a net margin of 10.31%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts predict that CGI Group, Inc. will post $2.80 EPS for the current year.
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A number of research analysts have recently commented on GIB shares. Zacks Investment Research cut shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Beacon Securities restated a “buy” rating on shares of CGI Group in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.40.
About CGI Group
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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