CGI (NYSE:GIB) Lifted to Buy at StockNews.com

CGI (NYSE:GIBGet Free Report) (TSE:GIB.A) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

CGI Price Performance

Shares of NYSE GIB opened at $113.42 on Tuesday. The business’s 50 day moving average price is $107.67 and its 200 day moving average price is $103.03. The firm has a market cap of $26.35 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.11 and a beta of 0.93. CGI has a 52 week low of $88.74 and a 52 week high of $116.03. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On CGI

A number of large investors have recently bought and sold shares of GIB. Exchange Traded Concepts LLC lifted its holdings in CGI by 471.7% in the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock valued at $26,000 after acquiring an additional 217 shares during the period. Hexagon Capital Partners LLC lifted its holdings in CGI by 297.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. Group One Trading L.P. acquired a new position in CGI in the third quarter valued at approximately $36,000. Belpointe Asset Management LLC lifted its holdings in CGI by 2,507.1% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the technology company’s stock valued at $35,000 after acquiring an additional 351 shares during the period. Finally, Pinebridge Investments L.P. acquired a new position in CGI in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 49.02% of the company’s stock.

About CGI

(Get Free Report)

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.

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