Jane Street Group LLC Boosts Stake in CGI Inc. (NYSE:GIB)

Jane Street Group LLC raised its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,784 shares of the technology company’s stock after purchasing an additional 6,403 shares during the quarter. Jane Street Group LLC’s holdings in CGI were worth $4,574,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GIB. Blue Trust Inc. boosted its position in CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after buying an additional 585 shares during the period. CWM LLC lifted its stake in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after acquiring an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of CGI by 9.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $205,000 after purchasing an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in shares of CGI in the 3rd quarter valued at $208,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of CGI during the 3rd quarter worth $209,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Down 0.4 %

NYSE:GIB opened at $109.74 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $118.89. The stock’s 50 day moving average price is $112.68 and its 200 day moving average price is $109.39. The company has a market capitalization of $25.01 billion, a PE ratio of 20.40, a P/E/G ratio of 2.60 and a beta of 0.94.

CGI Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a $0.111 dividend. The ex-dividend date is Wednesday, November 20th. This represents a yield of 0.4%. CGI’s dividend payout ratio (DPR) is 8.18%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CGI currently has a consensus rating of “Buy” and a consensus target price of $137.00.

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.