United Services Automobile Association Holds Stake in CGI Group, Inc. (GIB)

United Services Automobile Association held its position in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Credit Agricole S A raised its position in CGI Group by 10.6% in the fourth quarter. Credit Agricole S A now owns 73,059 shares of the technology company’s stock worth $3,509,000 after buying an additional 6,978 shares during the period. Franklin Resources Inc. raised its position in CGI Group by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 241,471 shares of the technology company’s stock worth $11,588,000 after buying an additional 12,581 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in CGI Group during the fourth quarter worth $155,000. WFG Advisors LP raised its position in 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 period. Finally, Norges Bank acquired a new position in CGI Group during the fourth quarter worth $119,931,000. 63.36% of the stock is owned by hedge funds and other institutional investors.

Shares of CGI Group, Inc. (NYSE:GIB) traded down 0.06% during trading on Friday, reaching $52.94. The company had a trading volume of 140,929 shares. The stock’s 50-day moving average price is $51.34 and its 200-day moving average price is $48.87. CGI Group, Inc. has a 52 week low of $45.73 and a 52 week high of $53.65. The company has a market capitalization of $15.69 billion, a PE ratio of 18.79 and a beta of 0.92.

CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the firm posted $0.86 earnings per share. CGI Group’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts expect that CGI Group, Inc. will post $2.95 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on GIB shares. Zacks Investment Research lowered CGI Group from a “buy” rating to a “hold” rating in a research note on Monday, April 3rd. Beacon Securities reaffirmed a “buy” rating on shares of CGI Group in a research note on Wednesday, May 3rd. Finally, BidaskClub raised CGI Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.60.

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.

Institutional Ownership by Quarter for CGI Group (NYSE:GIB)

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