Natixis Boosts Stock Holdings in CGI Inc. (NYSE:GIB)

Posted by on Jun 10th, 2023

Natixis increased its position in shares of CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) by 255.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,849 shares of the technology company’s stock after buying an additional 40,158 shares during the period. Natixis’ holdings in CGI were worth $4,808,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GIB. Vanguard Group Inc. grew its position in shares of CGI by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,152,074 shares of the technology company’s stock valued at $538,122,000 after acquiring an additional 50,028 shares during the period. National Bank of Canada FI raised its stake in shares of CGI by 109.5% during the 4th quarter. National Bank of Canada FI now owns 3,952,238 shares of the technology company’s stock worth $340,127,000 after buying an additional 2,065,815 shares during the period. Fiera Capital Corp lifted its position in shares of CGI by 2.5% during the 4th quarter. Fiera Capital Corp now owns 3,693,683 shares of the technology company’s stock valued at $318,618,000 after buying an additional 90,969 shares in the last quarter. Bank of Montreal Can grew its stake in CGI by 0.6% in the 4th quarter. Bank of Montreal Can now owns 3,257,451 shares of the technology company’s stock valued at $383,371,000 after acquiring an additional 19,429 shares during the period. Finally, Toronto Dominion Bank grew its stake in CGI by 6.4% in the 4th quarter. Toronto Dominion Bank now owns 926,970 shares of the technology company’s stock valued at $80,715,000 after acquiring an additional 55,876 shares during the period. Institutional investors and hedge funds own 48.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of CGI in a report on Thursday, May 18th. They set a “hold” rating on the stock.

CGI Trading Up 0.4 %

Shares of GIB opened at $103.91 on Friday. CGI Inc. has a 52-week low of $72.23 and a 52-week high of $105.96. The stock has a market cap of $24.47 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The firm’s fifty day moving average is $101.31 and its two-hundred day moving average is $93.05. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.30.

About CGI

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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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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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