Connor Clark & Lunn Investment Management Ltd Buys More Cgi Group Class A (NYSE:GIB) Shares

May 17, 2018 - By Fidelia Bagby

CGI Group Inc. (NYSE:GIB) Corporate Logo

The holdings In Cgi Group Class A (NYSE:GIB) held by Connor Clark & Lunn Investment Management Ltd was increased. According to 2018Q1 SEC regulatory form the increase is 26.88%. 744,540 shares were bought by Connor Clark & Lunn Investment Management Ltd as Cgi Group Class A (NYSE:GIB) stock rose 4.93% while stock markets declined. Connor Clark & Lunn Investment Management Ltd’s position was priced at $202.53M for 3.51 million shares. It’s up from 2.77M last quarter. $16.82 billion is the market cap of Cgi Group Class A. GIB is reaching $60.16 during the last trading session, after increased 0.52%.CGI Group Inc. has volume of 170,643 shares. Since May 17, 2017 GIB has risen 21.44% and is uptrending. GIB outperformed by 9.89% the S&P 500.

Connor Clark & Lunn Investment Management Ltd operates about $26.75 billion and $16.52B US longs. It decreased its stake in B2gold Corp. (NYSEMKT:BTG) by 6.14M shares to 4.16M shares, valued at $11.40 million in 2018Q1, according to the regulatory form. It decreased Fossil Inc (NASDAQ:FOSL) position by 1.19M shares to 1.35M shares, and cut its Shaw Communications Inc. Class B (NYSE:SJR) stake.

Connor Clark & Lunn Investment Management Ltd is a British Columbia, Canada-based institutional investor with more than $26.75 billion AUM in May, 2014. Taken from Connor Clark & Lunn Investment Management latest Adv, the fund reported to have 48 full and part-time employees. Among which 26 performing investment advisory and research functions. The institutional investor had more than 200 clients.

CGI Group Inc. provides information technology and business process services in Canada and internationally.The firm is worth $16.82 billion. It offers agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; business-to-business and customer activities support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.The P/E ratio is 22.04. The firm also provides IT outsourcing services; and data analytics, enterprise application integration, enterprise architecture and content management, enterprise resource planning , and geospatial solutions.

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