British Airways Pensions Investment Management Ltd maintained its position in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,315 shares of the technology company’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in CGI Group were worth $5,523,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GIB. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CGI Group by 17.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,358 shares of the technology company’s stock worth $5,703,000 after buying an additional 18,012 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CGI Group by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 317,938 shares of the technology company’s stock worth $15,239,000 after buying an additional 7,741 shares in the last quarter. US Bancorp DE raised its stake in shares of CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock worth $106,000 after buying an additional 52 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of CGI Group by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 631,494 shares of the technology company’s stock worth $30,248,000 after buying an additional 1,731 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of CGI Group by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 12,572 shares of the technology company’s stock worth $603,000 after buying an additional 921 shares in the last quarter. 63.36% of the stock is owned by institutional investors.

CGI Group, Inc. (NYSE GIB) opened at 51.18 on Tuesday. CGI Group, Inc. has a one year low of $45.73 and a one year high of $53.65. The stock has a market capitalization of $15.06 billion, a P/E ratio of 17.91 and a beta of 0.93. The stock has a 50 day moving average price of $51.60 and a 200-day moving average price of $48.95.

CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.01. CGI Group had a return on equity of 17.10% and a net margin of 10.18%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that CGI Group, Inc. will post $2.92 earnings per share for the current year.

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A number of equities research analysts recently issued reports on the company. Barclays PLC reissued an “overweight” rating and set a $60.00 price target (up from $55.00) on shares of CGI Group in a research note on Thursday, August 3rd. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub upgraded CGI Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Beacon Securities restated a “buy” rating on shares of CGI Group in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $61.00.

About CGI Group

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

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Institutional Ownership by Quarter for CGI Group (NYSE:GIB)

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