Cgi Group Class A (NYSE:GIB) Shareholder Connor Clark & Lunn Investment Management Ltd Upped Its Position by $42.44 Million as Price Rose

May 17, 2018 - By Carolyn Hewitt

CGI Group Inc. (NYSE:GIB) Corporate Logo

In 2018Q1 SEC report was reported Connor Clark & Lunn Investment Management Ltd’s stake in Cgi Group Class A (NYSE:GIB) which was upped by 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. In 2018Q1, the 3.51 million shares in Cgi Group Class A (NYSE:GIB) held by Connor Clark & Lunn Investment Management Ltd were valued $202.53M, up from 2.77M last quarter. $16.82B is the Cgi Group Class A’s MC. Ticker’s shares touched $60.16 during the last trading session after 0.52% change.CGI Group Inc. has volume of 170,643 shares. Since May 17, 2017 GIB has risen 21.44% and is uptrending. The stock outperformed the S&P 500 by 9.89%.

Connor Clark & Lunn Investment Management Ltd decreased its stake in Verizon Communications (NYSE:VZ) by 289,650 shares to 607,498 shares, valued at $29.05M in 2018Q1, according to the report. It operates about $26.75B and $16.52B US longs. Connor Clark & Lunn Investment Management Ltd cut its stake in Enbridge Inc. (NYSE:ENB) and reduced Crescent Point Energy Corp. (NYSE:CPG) position by 4.13 million shares for a total of 4.66 million shares.

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 valued at $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.22.04 is the P/E ratio. 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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