Hillsdale Investment Management INC Has Decreased Its Holding in Groupe Cgi INC Cl A Sub Vtg (GIB) by $3.02 Million as Share Value Rose

October 13, 2018 - By Marguerite Chambers

CGI Group Inc. (NYSE:GIB) Logo

Hillsdale Investment Management Inc decreased its stake in Groupe Cgi Inc Cl A Sub Vtg (GIB) by 16.94% based on its latest 2018Q2 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 47,890 shares as the company’s stock rose 5.22% with the market. The institutional investor held 234,755 shares of the consumer services company at the end of 2018Q2, valued at $14.88M, down from 282,645 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Groupe Cgi Inc Cl A Sub Vtg for a number of months, seems to be less bullish one the $16.94 billion market cap company. The stock increased 1.45% or $0.86 during the last trading session, reaching $60.28. About 221,140 shares traded or 37.55% up from the average. CGI Group Inc. (NYSE:GIB) has risen 25.68% since October 13, 2017 and is uptrending. It has outperformed by 10.06% the S&P500.

Hillsdale Investment Management Inc, which manages about $1.05B and $814.75 million US Long portfolio, upped its stake in Granite Real Estate Invt Tr Unit 99/99/9 by 96,390 shares to 97,160 shares, valued at $3.96 million in 2018Q2, according to the filing. It also increased its holding in Sun Life Finl Inc (NYSE:SLF) by 92,620 shares in the quarter, for a total of 549,230 shares, and has risen its stake in Manulife Finl Corp (NYSE:MFC).

Analysts await CGI Group Inc. (NYSE:GIB) to report earnings on November, 14. They expect $0.83 earnings per share, up 12.16 % or $0.09 from last year’s $0.74 per share. GIB’s profit will be $233.28 million for 18.16 P/E if the $0.83 EPS becomes a reality. After $0.84 actual earnings per share reported by CGI Group Inc. for the previous quarter, Wall Street now forecasts -1.19 % negative EPS growth.

Another recent and important CGI Group Inc. (NYSE:GIB) news was published by Prnewswire.com which published an article titled: “CGI to create 300 high-tech jobs in Drummondville focused on digital transformation and innovation” on October 09, 2018.

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