Versor Investments LP Buys New Position in CGI Inc. (NYSE:GIB)

Versor Investments LP purchased a new position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,402 shares of the technology company’s stock, valued at approximately $340,000.

Several other large investors also recently bought and sold shares of GIB. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of CGI in the first quarter valued at $30,000. UMB Bank n.a. boosted its position in CGI by 9,916.7% in the 1st quarter. UMB Bank n.a. now owns 601 shares of the technology company’s stock valued at $66,000 after buying an additional 595 shares during the last quarter. CWM LLC grew its stake in shares of CGI by 19.1% during the first quarter. CWM LLC now owns 1,185 shares of the technology company’s stock valued at $131,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of CGI by 41.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,978 shares of the technology company’s stock worth $212,000 after acquiring an additional 579 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of CGI in the first quarter worth about $226,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Price Performance

Shares of GIB opened at $112.32 on Friday. CGI Inc. has a 52 week low of $93.07 and a 52 week high of $118.89. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The firm has a market cap of $25.92 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.62 and a beta of 0.95. The stock has a 50 day moving average of $107.30 and a 200-day moving average of $106.87.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. CIBC lowered CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday, June 21st. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research report on Thursday, August 1st. UBS Group began coverage on shares of CGI in a report on Friday, July 19th. They issued a “neutral” rating and a $112.00 price target on the stock. Finally, 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 report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

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.