CGI Group, Inc. (GIB) Position Held by WESPAC Advisors SoCal LLC
WESPAC Advisors SoCal LLC held its stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the technology company’s stock at the end of the second quarter. WESPAC Advisors SoCal LLC’s holdings in CGI Group were worth $219,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. US Bancorp DE boosted its position 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 valued at $106,000 after acquiring an additional 52 shares during the period. Quantbot Technologies LP bought a new position in shares of CGI Group in the first quarter valued at approximately $173,000. Quantitative Systematic Strategies LLC bought a new position in shares of CGI Group in the second quarter valued at approximately $202,000. Letko Brosseau & Associates Inc. bought a new position in shares of CGI Group in the second quarter valued at approximately $203,000. Finally, Marshall Wace North America L.P. bought a new position in shares of CGI Group in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 70.69% of the company’s stock.
CGI Group, Inc. (NYSE GIB) traded down 0.13% during trading on Thursday, hitting $51.80. 28,900 shares of the stock were exchanged. CGI Group, Inc. has a 1-year low of $45.73 and a 1-year high of $53.65. The company has a 50-day moving average price of $50.80 and a 200 day moving average price of $49.58. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 18.00 and a beta of 0.92.
CGI Group (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.78 billion. CGI Group had a net margin of 10.18% and a return on equity of 17.10%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Equities analysts predict that CGI Group, Inc. will post $2.99 earnings per share for the current fiscal year.
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A number of research firms have recently commented on GIB. Zacks Investment Research lowered shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of CGI Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Barclays PLC restated an “overweight” rating and issued a $60.00 price objective (up from $55.00) on shares of CGI Group in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.00.
CGI Group Profile
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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