Technology

Neuberger Berman Group LLC Sells 7,872 Shares of CGI Inc. (NYSE:GIB)

Eastern Europe Journal 2 years ago

Neuberger Berman Group LLC decreased its position in shares of CGI Inc. (NYSE:GIB – Get Rating) (TSE:GIB.A) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,812 shares of the technology company’s stock after selling 7,872 shares during the quarter. Neuberger Berman Group LLC’s holdings in CGI were worth $3,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new stake in CGI during the 4th quarter worth approximately $25,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in CGI during the 4th quarter worth approximately $30,000. Guardian Wealth Advisors LLC acquired a new stake in CGI during the 3rd quarter worth approximately $27,000. Glassman Wealth Services raised its holdings in CGI by 41.5% during the 4th quarter. Glassman Wealth Services now owns 505 shares of the technology company’s stock worth $43,000 after buying an additional 148 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in CGI during the 4th quarter worth approximately $68,000. Institutional investors own 48.54% of the company’s stock.

Analysts Set New Price Targets

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

CGI Price Performance

Shares of GIB opened at $103.88 on Friday. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.11 and a beta of 0.92. CGI Inc. has a 1-year low of $72.23 and a 1-year high of $105.96. The company’s fifty day simple moving average is $101.31 and its 200 day simple moving average is $93.11. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30.

CGI (NYSE:GIB – Get Rating) (TSE:GIB.A) last issued its earnings results on Wednesday, April 26th. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.08. CGI had a net margin of 11.18% and a return on equity of 20.81%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.65 billion. On average, research analysts forecast that CGI Inc. will post 5.22 earnings per share for the current fiscal year.

CGI Profile

(Get Rating)

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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