FIL Adds $153M in CGI Inc. ($GIB)
Key Points
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FIL increased its position in CGI Inc. ($GIB) by 46.09% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,596,896 shares of CGI Inc. after buying 2,396,880 shares during the quarter. FIL's holdings in CGI Inc. were worth $484.15 million as of its most recent filing.
CGI Inc. Stock Down 14.8%
Shares of CGI Inc. ($GIB) traded around $63.73 on Saturday, down 14.8% for the day.
CGI Inc. Earnings
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Analysts Set New Price Targets
About CGI Inc.
CGI Inc. provides information technology and business process services in Western and Southern Europe, the United States, Canada, Scandinavia, Northwest and Central-East Europe, the United Kingdom, Australia, Germany, Finland, Poland, Baltics, and the Asia Pacific. It offers end-to-end services and solutions, including business and strategic IT consulting; systems integration, such as data integration, AI and automation integration, cloud integration, Internet of Things, enterprise application integration, application programming interface integration, and legacy system modernization; managed IT and business process; and application services comprising application management, DevSecOps, application modernization and rationalization, and quality engineering and assurance. The company also provides infrastructure services, which include legacy infrastructure modernization, cloud and hybrid infrastructure management, IT service management, FinOps-enabled cloud management, cyber resilience and compliance, site reliability engineering and AIOps, and infrastructure-as-code; and intellectual property business solutions. It serves banking and capital markets, communications and media, energy and utilities, government, health, insurance, life sciences, manufacturing, retail and consumer services, space, transportation, and logistics industries. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.
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