Exencial Wealth Advisors LLC Increases Position in CGI Inc. (NYSE:GIB)

Exencial Wealth Advisors LLC lifted its position in CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,366 shares of the technology company’s stock after purchasing an additional 1,168 shares during the period. Exencial Wealth Advisors LLC’s holdings in CGI were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of CGI during the first quarter worth $110,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of CGI by 18.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 218,444 shares of the technology company’s stock worth $15,020,000 after acquiring an additional 34,441 shares during the last quarter. Morgan Stanley boosted its position in shares of CGI by 28.4% during the second quarter. Morgan Stanley now owns 326,041 shares of the technology company’s stock worth $29,539,000 after acquiring an additional 72,083 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of CGI by 8.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the technology company’s stock worth $124,000 after acquiring an additional 114 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of CGI by 5.7% during the third quarter. Advisor Group Holdings Inc. now owns 7,402 shares of the technology company’s stock worth $627,000 after acquiring an additional 400 shares during the last quarter. 51.18% of the stock is owned by hedge funds and other institutional investors.

Shares of GIB opened at $81.61 on Tuesday. CGI Inc. has a twelve month low of $76.98 and a twelve month high of $93.93. The company has a market cap of $19.56 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.15 and a beta of 0.97. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $80.72 and its 200-day simple moving average is $83.74.

CGI (NYSE:GIB – Get Rating) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, April 27th. The technology company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.19 by $0.02. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.52 billion. CGI had a net margin of 11.49% and a return on equity of 20.92%. Analysts predict that CGI Inc. will post 4.75 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of CGI in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. CIBC increased their price objective on shares of CGI from C$130.00 to C$135.00 in a research report on Thursday, February 3rd. Societe Generale upgraded shares of CGI from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Finally, Canaccord Genuity Group lowered their price objective on shares of CGI from C$130.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $119.70.

About CGI (Get Rating)

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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