A number of other institutional investors have also modified their holdings of GIB. The Manufacturers Life Insurance Company acquired a new position in shares of CGI Group during the third quarter worth about $91,984,000. UBS Group AG boosted its stake in CGI Group by 34.4% in the third quarter. UBS Group AG now owns 203,060 shares of the company’s stock worth $9,672,000 after buying an additional 51,940 shares during the period. Echo Street Capital Management LLC boosted its stake in CGI Group by 115.8% in the third quarter. Echo Street Capital Management LLC now owns 373,428 shares of the company’s stock worth $17,786,000 after buying an additional 200,369 shares during the period. Hsbc Holdings PLC boosted its stake in CGI Group by 5.0% in the third quarter. Hsbc Holdings PLC now owns 156,817 shares of the company’s stock worth $7,450,000 after buying an additional 7,461 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CGI Group by 15.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,249 shares of the company’s stock worth $6,716,000 after buying an additional 19,381 shares during the period. 72.50% of the stock is currently owned by hedge funds and other institutional investors.
Jane Street Group LLC cut its position in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 69.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,180 shares of the company’s stock after selling 35,968 shares during the period. Jane Street Group LLC’s holdings in CGI Group were worth $771,000 as of its most recent SEC filing.
CGI Group, Inc. (NYSE:GIB) traded up 0.88% on Thursday, reaching $48.29. 201,263 shares of the company’s stock traded hands. The firm has a market capitalization of $14.51 billion, a PE ratio of 17.67 and a beta of 0.87. CGI Group, Inc. has a 52-week low of $39.90 and a 52-week high of $50.58. The firm’s 50 day moving average price is $48.41 and its 200 day moving average price is $48.04.
CGI Group (NYSE:GIB) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.21. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.05 billion. CGI Group had a net margin of 10.37% and a return on equity of 17.56%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts predict that CGI Group, Inc. will post $2.83 EPS for the current fiscal year.
A number of research firms have recently weighed in on GIB. National Bank Financial reaffirmed an “outperform overweight” rating on shares of CGI Group in a report on Sunday, January 29th. Zacks Investment Research raised CGI Group from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, February 3rd. Jefferies Group LLC reaffirmed a “hold” rating on shares of CGI Group in a report on Monday, December 5th. Barclays PLC lifted their price target on CGI Group from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Finally, Societe Generale cut CGI Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $52.33.
CGI Group Company Profile
CGI Group Inc (CGI), through its subsidiaries, manages information technology (IT) services and business process services (BPS). The Company’s segments are United States of America (U.S.); Nordics; Canada; France (including Luxembourg and Morocco) (France); United Kingdom (U.K.); Eastern, Central and Southern Europe (primarily Netherlands and Germany) (ECS), and Asia Pacific (including Australia, India and the Philippines) (Asia Pacific).
Want to see what other hedge funds are holding GIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A).