CGI Group, Inc. (NYSE:GIB) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,594 shares of the technology company’s stock after acquiring an additional 24,980 shares during the period. Deutsche Bank AG owned about 0.20% of CGI Group worth $46,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GIB. Fifth Third Bancorp grew its stake in shares of CGI Group by 239.5% during the 1st quarter. Fifth Third Bancorp now owns 258 shares of the technology company’s stock worth $26,000 after purchasing an additional 182 shares during the period. Versant Capital Management Inc boosted its holdings in CGI Group by 371.7% during the first quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company’s stock worth $105,000 after buying an additional 829 shares in the last quarter. GeoWealth Management LLC grew its position in CGI Group by 80.4% during the fourth quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company’s stock valued at $142,000 after buying an additional 579 shares during the period. Creekmur Asset Management LLC increased its holdings in CGI Group by 7,051.9% in the first quarter. Creekmur Asset Management LLC now owns 1,931 shares of the technology company’s stock valued at $193,000 after buying an additional 1,904 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of CGI Group in the fourth quarter worth about $221,000. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

CGI Group Stock Performance

NYSE:GIB opened at $95.19 on Tuesday. The company has a market cap of $21.22 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.76 and a beta of 0.72. CGI Group, Inc. has a twelve month low of $92.85 and a twelve month high of $122.79. The company’s 50-day moving average price is $102.95 and its 200-day moving average price is $105.77. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. CGI Group had a return on equity of 18.53% and a net margin of 11.01%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm posted $1.91 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that CGI Group, Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be issued a $0.1086 dividend. This is an increase from CGI Group’s previous quarterly dividend of $0.11. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 15th. CGI Group’s payout ratio is currently 7.95%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group cut their price target on CGI Group from $112.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada cut their price objective on CGI Group from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.25.

CGI Group 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.