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

May 17, 2018 - By Benjamin Allen

CGI Group Inc. (NYSE:GIB) Corporate Logo

In 2018Q1 Securities and Exchange filling 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. Connor Clark & Lunn Investment Management Ltd announced $202.53M position in Connor Clark & Lunn Investment Management Ltd for 2018Q1. Now it holds 3.51M shares, compared to 2.77M last quarter. $16.82 billion is the Cgi Group Class A’s MC. The stock increased 0.52% or $0.31 during the last trading session, reaching $60.16.Currently CGI Group Inc. is uptrending after 21.44% change in last May 17, 2017. GIB has 170,643 shares volume. The stock outperformed the S&P500 by 9.89%.

The Connor Clark & Lunn Investment Management Ltd’s stake in United Health Group Inc. (NYSE:UNH) was reduced by 58,950 shares to 127,135 shares valued at $27.21 million in 2018Q1, according to the filling. It operates about $26.75B and $16.52 billion US longs. Connor Clark & Lunn Investment Management Ltd cut its stake in Bank Of Montreal (NYSE:BMO) and reduced Hudbay Minerals Inc. (NYSE:HBM) position by 3.01M shares for a total of 10.70M 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 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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