Seeyond Has $2.50 Million Position in CGI Inc. (NYSE:GIB)

Seeyond reduced its holdings in CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,046 shares of the technology company’s stock after selling 7,318 shares during the quarter. Seeyond’s holdings in CGI were worth $2,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Management LLC grew its position in shares of CGI by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 328 shares of the technology company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of CGI in the fourth quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in CGI during the fourth quarter worth about $30,000. Guardian Wealth Advisors LLC acquired a new stake in CGI during the third quarter worth about $27,000. Finally, Glassman Wealth Services grew its position in CGI by 41.5% during the fourth quarter. Glassman Wealth Services now owns 505 shares of the technology company’s stock worth $43,000 after buying an additional 148 shares in the last quarter. 48.54% of the stock is owned by institutional investors and hedge funds.

CGI Price Performance

NYSE GIB traded down $0.35 during trading on Monday, reaching $105.08. 39,334 shares of the company traded hands, compared to its average volume of 150,521. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.08. The stock’s 50 day moving average price is $100.34 and its two-hundred day moving average price is $92.49. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.15 and a beta of 0.92. CGI Inc. has a 1-year low of $72.23 and a 1-year high of $105.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on CGI in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

About CGI

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.

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