DGS Capital Management LLC Buys 3,146 Shares of CGI Inc. (NYSE:GIB)

DGS Capital Management LLC increased its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,609 shares of the technology company’s stock after purchasing an additional 3,146 shares during the quarter. CGI accounts for 1.1% of DGS Capital Management LLC’s portfolio, making the stock its 10th biggest holding. DGS Capital Management LLC’s holdings in CGI were worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of CGI by 471.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock worth $26,000 after acquiring an additional 217 shares during the last quarter. Group One Trading L.P. bought a new position in shares of CGI in the third quarter valued at approximately $36,000. Belpointe Asset Management LLC boosted its position in shares of CGI by 2,507.1% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the technology company’s stock valued at $35,000 after buying an additional 351 shares during the last quarter. Quantbot Technologies LP bought a new stake in CGI during the third quarter worth $41,000. Finally, Allworth Financial LP raised its position in CGI by 130.9% in the 3rd quarter. Allworth Financial LP now owns 651 shares of the technology company’s stock valued at $64,000 after buying an additional 369 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

CGI Stock Performance

Shares of GIB stock traded up $0.60 during trading on Tuesday, hitting $103.53. The company’s stock had a trading volume of 37,909 shares, compared to its average volume of 134,986. The business has a fifty day moving average of $112.72 and a 200-day moving average of $106.56. The company has a market cap of $24.05 billion, a PE ratio of 20.06, a P/E/G ratio of 1.93 and a beta of 0.92. 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 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.59 billion. CGI had a return on equity of 20.65% and a net margin of 11.34%. As a group, research analysts anticipate that CGI Inc. will post 5.71 earnings per share for the current year.

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.