Public Employees Retirement System of Ohio held its stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,900 shares of the technology company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in CGI Group were worth $20,030,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Cumberland Partners Ltd bought a new stake in CGI Group during the first quarter valued at $8,914,000. AMF Pensionsforsakring AB boosted its stake in CGI Group by 24.8% in the first quarter. AMF Pensionsforsakring AB now owns 175,316 shares of the technology company’s stock valued at $8,376,000 after buying an additional 34,826 shares during the period. Regentatlantic Capital LLC boosted its stake in CGI Group by 2.9% in the first quarter. Regentatlantic Capital LLC now owns 60,006 shares of the technology company’s stock valued at $2,876,000 after buying an additional 1,680 shares during the period. Gulf International Bank UK Ltd boosted its stake in CGI Group by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 72,115 shares of the technology company’s stock valued at $3,450,000 after buying an additional 1,100 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in CGI Group by 2.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 634,725 shares of the technology company’s stock valued at $30,498,000 after buying an additional 12,257 shares during the period. Institutional investors and hedge funds own 63.24% of the company’s stock.
Shares of CGI Group, Inc. (GIB) traded up 0.27% during trading on Friday, reaching $51.22. The company’s stock had a trading volume of 143,603 shares. The company has a 50-day moving average price of $49.24 and a 200-day moving average price of $48.15. CGI Group, Inc. has a one year low of $40.88 and a one year high of $51.47. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 19.15 and a beta of 0.92.
CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.74 billion. CGI Group had a return on equity of 17.38% and a net margin of 10.31%. CGI Group’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, equities research analysts forecast that CGI Group, Inc. will post $2.80 earnings per share for the current fiscal year.
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Several analysts recently weighed in on the stock. Beacon Securities reiterated a “buy” rating on shares of CGI Group in a report on Wednesday, May 3rd. Zacks Investment Research cut shares of CGI Group from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $56.40.
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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