Harbour Capital Advisors LLC Purchases 1,345 Shares of CGI Inc. (NYSE:GIB)

Harbour Capital Advisors LLC lifted its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 39.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,758 shares of the technology company’s stock after acquiring an additional 1,345 shares during the period. Harbour Capital Advisors LLC’s holdings in CGI were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of CGI in the third quarter worth about $28,000. Blue Trust Inc. lifted its stake 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 purchasing an additional 585 shares during the last quarter. CWM LLC boosted its position in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after buying an additional 173 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of CGI in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and boosted their price objective for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $147.25.

CGI Price Performance

CGI stock opened at $107.89 on Tuesday. The stock’s 50 day moving average is $110.80 and its 200 day moving average is $110.59. CGI Inc. has a one year low of $96.92 and a one year high of $118.89. The firm has a market cap of $24.59 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02.

CGI Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a $0.111 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s dividend payout ratio (DPR) is currently 8.55%.

CGI Profile

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.