CGI Inc. (NYSE:GIB) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,137 shares of the technology company’s stock after acquiring an additional 872 shares during the period. Crossmark Global Holdings Inc.’s holdings in CGI were worth $2,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ronald Blue Trust Inc. acquired a new stake in shares of CGI in the 4th quarter worth approximately $25,000. Guardian Wealth Advisors LLC acquired a new stake in CGI during the 3rd quarter valued at $27,000. Exchange Traded Concepts LLC grew its holdings in CGI by 650.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 495 shares of the technology company’s stock valued at $37,000 after buying an additional 429 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in CGI during the 2nd quarter valued at $119,000. Finally, Wipfli Financial Advisors LLC acquired a new stake in CGI during the 3rd quarter valued at $124,000. Institutional investors and hedge funds own 48.54% of the company’s stock.

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CGI Trading Up 0.1 %

Shares of GIB opened at $93.80 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $22.36 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. The stock’s fifty day simple moving average is $90.59 and its 200 day simple moving average is $85.06. CGI Inc. has a twelve month low of $72.23 and a twelve month high of $95.63.

Analysts Set New Price Targets

GIB has been the topic of a number of analyst reports. StockNews.com initiated coverage on CGI in a report on Thursday, March 16th. They set a “hold” rating on the stock. Royal Bank of Canada increased their target price on CGI from C$130.00 to C$145.00 in a report on Thursday, February 2nd. BMO Capital Markets increased their price target on CGI from C$125.00 to C$133.00 in a research note on Thursday, February 2nd. CIBC increased their price target on CGI from C$140.00 to C$146.00 in a research note on Thursday, February 2nd. Finally, Raymond James increased their price target on CGI from C$134.00 to C$138.00 in a research note on Thursday, February 2nd.

CGI Company Profile

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.

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