Viewpoint Investment Partners Corp Purchases 6,250 Shares of CGI Group, Inc. $GIB

Viewpoint Investment Partners Corp acquired a new position in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the third quarter, Holdings Channel reports. The institutional investor acquired 6,250 shares of the technology company’s stock, valued at approximately $424,000.

Other hedge funds have also modified their holdings of the company. Cardinal Point Capital Management ULC boosted its holdings in CGI Group by 5.1% in the third quarter. Cardinal Point Capital Management ULC now owns 130,553 shares of the technology company’s stock valued at $8,903,000 after purchasing an additional 6,296 shares during the period. Vest Financial LLC grew its stake in CGI Group by 16.9% during the 3rd quarter. Vest Financial LLC now owns 10,992 shares of the technology company’s stock worth $748,000 after purchasing an additional 1,592 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in CGI Group by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,378 shares of the technology company’s stock worth $570,000 after purchasing an additional 762 shares in the last quarter. Net Worth Advisory Group increased its holdings in CGI Group by 6.1% during the 3rd quarter. Net Worth Advisory Group now owns 4,976 shares of the technology company’s stock worth $353,000 after purchasing an additional 285 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in CGI Group during the 3rd quarter worth about $206,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Group Trading Down 0.0%

Shares of NYSE:GIB opened at $81.95 on Tuesday. CGI Group, Inc. has a 52 week low of $59.63 and a 52 week high of $95.20. The company’s 50 day moving average is $72.45 and its two-hundred day moving average is $72.85. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28. The company has a market cap of $16.97 billion, a PE ratio of 12.87 and a beta of 0.47.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Securities lowered CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $100.00 price objective on shares of CGI Group in a research note on Tuesday, October 6th. Finally, Weiss Ratings raised CGI Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Seven analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.67.

CGI Group Company Profile

CGI Inc, formerly known as CGI Group, is a Canadian information technology and business consulting company headquartered in Montreal, Quebec. Founded in 1976, the company provides technology and business solutions to organizations in the private and public sectors.

CGI’s services include business and IT consulting, systems integration, application development and management, cloud computing, cybersecurity, data analytics, digital transformation, and managed IT services. The company also develops and supports proprietary software and industry-specific solutions for areas such as financial services, government, healthcare, manufacturing, telecommunications, utilities, and retail.

CGI serves clients through operations across North America, Europe, and the Asia-Pacific region.