United Services Automobile Association continued to hold its stake in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,284 shares of the technology company’s stock at the end of the first quarter. United Services Automobile Association’s holdings in CGI Group were worth $445,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in GIB. US Bancorp DE boosted its stake in shares of CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock worth $106,000 after buying an additional 52 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of CGI Group during the fourth quarter worth about $155,000. Quantbot Technologies LP bought a new stake in shares of CGI Group during the first quarter worth about $173,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CGI Group during the first quarter worth about $205,000. Finally, WFG Advisors LP boosted its stake in shares of CGI Group by 1,607.2% in the fourth quarter. WFG Advisors LP now owns 2,595 shares of the technology company’s stock worth $304,000 after buying an additional 2,443 shares during the last quarter. 62.90% of the stock is owned by hedge funds and other institutional investors.
CGI Group, Inc. (NYSE:GIB) opened at 52.40 on Friday. The stock’s 50 day moving average price is $50.96 and its 200-day moving average price is $48.73. CGI Group, Inc. has a one year low of $44.19 and a one year high of $53.08. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 18.76 and a beta of 0.92.
CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.01. CGI Group had a return on equity of 17.38% and a net margin of 10.31%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts expect that CGI Group, Inc. will post $2.95 EPS for the current fiscal year.
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A number of brokerages have issued reports on GIB. Beacon Securities reaffirmed a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd. Zacks Investment Research lowered CGI Group from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Finally, BidaskClub upgraded CGI Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.00.
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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