CGI Inc. (NYSE:GIB) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546 shares of the technology company’s stock after selling 127 shares during the quarter. Tower Research Capital LLC TRC’s holdings in CGI were worth $59,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in CGI by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock worth $746,389,000 after buying an additional 132,166 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of CGI by 15.0% in the third quarter. Mackenzie Financial Corp now owns 6,190,061 shares of the technology company’s stock worth $598,239,000 after acquiring an additional 805,973 shares during the last quarter. Fiera Capital Corp increased its position in shares of CGI by 7.1% during the fourth quarter. Fiera Capital Corp now owns 4,085,404 shares of the technology company’s stock worth $439,103,000 after purchasing an additional 272,371 shares in the last quarter. National Bank of Canada FI lifted its holdings in CGI by 3.6% in the 4th quarter. National Bank of Canada FI now owns 3,711,372 shares of the technology company’s stock valued at $385,239,000 after purchasing an additional 129,020 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in CGI by 12.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,505,781 shares of the technology company’s stock worth $348,026,000 after purchasing an additional 401,717 shares during the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Trading Down 0.9 %

Shares of NYSE:GIB traded down $0.95 during midday trading on Monday, reaching $102.19. 176,673 shares of the company’s stock were exchanged, compared to its average volume of 144,486. The firm’s 50 day simple moving average is $110.81 and its two-hundred day simple moving average is $106.92. CGI Inc. has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.26 and a beta of 0.92.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. CGI had a net margin of 11.34% and a return on equity of 20.65%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, sell-side analysts forecast that CGI Inc. will post 5.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.