On May 26, 2023, it was reported that Aigen Investment Management LP had decreased its stake in shares of CGI Inc. by 56.6% during the fourth quarter of the previous year. According to its most recent Form 13F filing with the SEC, the fund owned 2,805 shares of the technology company’s stock after selling 3,651 shares during the period. As a result, Aigen Investment Management LP’s holdings in CGI were worth $242,000 as of its most recent filing with the SEC.
Aigen Investment Management LP is just one of many hedge funds that have adjusted their holdings in CGI in response to market trends and fluctuations over time. For those interested in monitoring such activity, HoldingsChannel.com provides access to the latest 13F filings and insider trades for CGI Inc.
As for CGI itself, the company opened at $102.04 on Friday and has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.08. With a market capitalization of $24.03 billion, a PE ratio of 21.17, a P/E/G ratio of 2.07 and a beta of 0.93, CGI appears to be holding strong despite changes among some investors.
In terms of recent performance, the stock’s fifty-day moving average is $98.93 and its two-hundred-day moving average is $91.50 – showing steady growth over this period despite any setbacks or adjustments made by stakeholders like Aigen Investment Management LP.
What does all this mean for investors? Keeping track of hedge funds’ movements can provide insight into how they view certain companies, which could influence future market behaviors and potential returns on investment – though as always with investing there are no guarantees.
Overall, while there may be fluctuations among investors in any given company at any given time, the most important thing for shareholders is to stay informed and make decisions that align with their long-term financial goals.
CGI: Revolutionizing Information Technology and Consulting Services
CGI: Leading the Way in Information Technology and Consulting Services
The technology sector is one of the fastest-growing industries, with companies constantly innovating to provide better services and products to customers. CGI, Inc is a leading name in the industry, providing information technology and consulting services to businesses worldwide.
Institutional investors and hedge funds have piled into CGI over the past few quarters, with several buying and selling shares of the company. The Vanguard Group lifted its position by 0.7%, now owning 7,152,074 shares worth $538,122,000 after buying an additional 50,028 shares over the last quarter. Other major investors include Massachusetts Financial Services Co., National Bank of Canada FI, Fiera Capital Corp, and Bank of Montreal Can.
Equities analysts have also issued favorable reports on CGI’s performance. Raymond James boosted their price target from C$134.00 to C$138.00 in a report on February 2nd, while Scotiabank lifted their price target from C$135.00 to C$140.00 on the same date. CIBC increased their price objective from C$140.00 to C$146.00 while Royal Bank of Canada boosted their price target from C$130.00 to C$145.00.
CGI operates through multiple segments worldwide; 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; Northwestand Central-EastEuropeandAsia Pacific.CGI offers end-to-end IT consulting services such as system integration design & development modernization implementation testing deployment maintenance operation governance along with a portfolio of IP-led solutions are Turing automate diagnostic solutions sports excess process management Artificial intelligence machine learning Analytics Cybersecurity Internet of things Blockchain Enterprise Resource Planning (ERP) for intellectual property (IP) practices other tools which provide business value innovation to clients.
CGI’s mission is simple – they aim to help businesses thrive in a rapidly-evolving technological world by providing solutions that not only solve today’s challenges but also offer scalability for the future. With their commitment to excellence, CGI is leading the way in the technology and consulting services industry.
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