Zurcher Kantonalbank Zurich Cantonalbank Has $11.09 Million Stake in CGI Inc (NYSE:GIB)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,330 shares of the technology company’s stock after buying an additional 1,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CGI were worth $11,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GIB. Ladenburg Thalmann Financial Services Inc. raised 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. First Mercantile Trust Co. raised its position in CGI by 3.8% during the third quarter. First Mercantile Trust Co. now owns 3,580 shares of the technology company’s stock valued at $283,000 after purchasing an additional 130 shares in the last quarter. CWM LLC raised 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. Assenagon Asset Management S.A. raised its position in CGI by 1.1% during the third quarter. Assenagon Asset Management S.A. now owns 28,769 shares of the technology company’s stock valued at $2,276,000 after purchasing an additional 300 shares in the last quarter. Finally, Signaturefd LLC raised its position in CGI by 7.5% during the third quarter. Signaturefd LLC now owns 5,973 shares of the technology company’s stock valued at $473,000 after purchasing an additional 418 shares in the last quarter. Institutional investors own 55.68% of the company’s stock.

Shares of NYSE:GIB opened at $86.48 on Friday. The company has a fifty day moving average of $84.40 and a 200-day moving average of $80.11. The company has a market capitalization of $23.14 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 1.13. CGI Inc has a 52-week low of $63.88 and a 52-week high of $87.10.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.29. CGI had a net margin of 10.43% and a return on equity of 19.04%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts forecast that CGI Inc will post 3.92 EPS for the current fiscal year.

Several research analysts have commented on GIB shares. CIBC restated a “hold” rating and set a $106.00 price objective on shares of CGI in a research report on Thursday, November 7th. ValuEngine upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Desjardins upgraded shares of CGI from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Zacks Investment Research upgraded shares of CGI from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Raymond James reiterated a “buy” rating and set a $114.00 price target on shares of CGI in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $96.40.

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding GIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CGI Inc (NYSE:GIB) (TSE:GIB.A).

Institutional Ownership by Quarter for CGI (NYSE:GIB)

Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.