Neuburgh Advisers LLC Has $148,000 Stake in CGI Inc (NYSE:GIB)
Neuburgh Advisers LLC grew its holdings in CGI Inc (NYSE:GIB) (TSE:GIB.A) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,000 shares of the technology company’s stock after purchasing an additional 240 shares during the quarter. Neuburgh Advisers LLC’s holdings in CGI were worth $148,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of GIB. TD Asset Management Inc. acquired a new position in CGI in the second quarter worth $240,254,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in CGI in the first quarter worth $70,859,000. AGF Investments Inc. acquired a new position in CGI in the second quarter worth $37,210,000. DekaBank Deutsche Girozentrale acquired a new position in CGI in the second quarter worth $30,983,000. Finally, JPMorgan Chase & Co. boosted its stake in CGI by 72.0% in the second quarter. JPMorgan Chase & Co. now owns 907,610 shares of the technology company’s stock worth $69,614,000 after purchasing an additional 379,801 shares in the last quarter. 55.19% of the stock is currently owned by institutional investors.
Shares of GIB traded down $0.22 during trading hours on Friday, hitting $78.01. 28,889 shares of the stock traded hands, compared to its average volume of 130,285. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.35. CGI Inc has a 1-year low of $57.35 and a 1-year high of $80.59. The firm has a market capitalization of $20.96 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.33 and a beta of 0.55. The business has a fifty day moving average of $77.86 and a 200-day moving average of $73.68.
A number of equities analysts have commented on the company. Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. National Bank Financial reissued a “buy” rating on shares of CGI in a research note on Wednesday, July 31st. Societe Generale lowered CGI from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Bank of America started coverage on CGI in a research note on Thursday, May 23rd. They issued a “buy” rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $87.67.
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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