Werba Rubin Papier Wealth Management Makes New $208,000 Investment in CGI Inc. (NYSE:GIB)

Werba Rubin Papier Wealth Management purchased a new position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) in the third quarter, HoldingsChannel reports. The firm purchased 1,807 shares of the technology company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of CGI in the 1st quarter worth approximately $5,529,000. Henry James International Management Inc. increased its holdings in shares of CGI by 7.2% in the first quarter. Henry James International Management Inc. now owns 82,029 shares of the technology company’s stock valued at $9,063,000 after buying an additional 5,517 shares in the last quarter. Fiera Capital Corp lifted its position in shares of CGI by 1.9% during the 2nd quarter. Fiera Capital Corp now owns 4,269,775 shares of the technology company’s stock valued at $426,353,000 after acquiring an additional 79,303 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of CGI by 8.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 692,449 shares of the technology company’s stock worth $76,467,000 after acquiring an additional 55,499 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in shares of CGI by 14.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 41,348 shares of the technology company’s stock worth $4,127,000 after acquiring an additional 5,213 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors.

CGI Stock Performance

Shares of GIB opened at $116.25 on Monday. The company has a market capitalization of $26.83 billion, a PE ratio of 22.40, a PEG ratio of 2.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.16. The company’s 50 day moving average price is $112.91 and its 200 day moving average price is $106.86. CGI Inc. has a 52 week low of $93.07 and a 52 week high of $118.89.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.40 EPS for the quarter, meeting the consensus estimate of $1.40. CGI had a net margin of 11.51% and a return on equity of 20.21%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Research analysts expect that CGI Inc. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on GIB. UBS Group began coverage on CGI in a research report on Friday, July 19th. They issued a “neutral” rating and a $112.00 price target for the company. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and boosted their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Jefferies Financial Group raised their price objective on shares of CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CGI currently has an average rating of “Buy” and an average target price of $137.00.

CGI Profile

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.