FIL Ltd. & Pandanus Group Report 3.175% Stake in CGI INC
Ticker: GIB · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1061574
| Field | Detail |
|---|---|
| Company | Cgi INC (GIB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**FIL Limited group now owns 3.175% of CGI INC, signaling a notable institutional position.**
AI Summary
FIL Limited, a Bermuda-based investment manager, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., filed an amended SC 13G/A on February 9, 2024, indicating their combined beneficial ownership of 6,543,882 Class A Subordinate Voting Shares of CGI INC. This represents 3.175% of the company's outstanding shares. This filing is an amendment, suggesting a change in their previous ownership stake, which matters to investors as it signals a notable institutional investor's updated position in CGI INC, potentially influencing market perception.
Why It Matters
This filing shows a significant institutional investor, FIL Limited, and its affiliates, maintain a notable stake in CGI INC, which can be seen as a vote of confidence or a strategic adjustment in their portfolio.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of beneficial ownership and does not inherently indicate high risk, but rather transparency.
Analyst Insight
Investors should note that a major institutional investor group, FIL Limited and its affiliates, holds a 3.175% stake in CGI INC. This indicates continued institutional interest, but the filing itself doesn't suggest immediate buying or selling pressure. It's a data point for assessing institutional confidence.
Key Numbers
- 6,543,882 — Class A Subordinate Voting Shares (Total shares beneficially owned by FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. in CGI INC.)
- 3.175% — Percentage of Class A Subordinate Voting Shares (The combined ownership percentage of CGI INC by the reporting persons.)
Key Players & Entities
- FIL Limited (company) — reporting person and beneficial owner of CGI INC shares
- Pandanus Partners, L.P. (company) — reporting person and beneficial owner of CGI INC shares
- Pandanus Associates, Inc. (company) — reporting person and beneficial owner of CGI INC shares
- CGI INC (company) — the issuer whose shares are being reported
- 6,543,882 (dollar_amount) — total number of Class A Subordinate Voting Shares beneficially owned
- 3.175% (dollar_amount) — percentage of Class A Subordinate Voting Shares beneficially owned
- February 9, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- FIL Limited and its affiliates will maintain a significant, but non-controlling, stake in CGI INC. (FIL Limited) — high confidence, target: Next 12-18 months
FAQ
Who are the primary entities reporting beneficial ownership in this SC 13G/A filing for CGI INC?
The primary entities reporting beneficial ownership are FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc., as stated in Item 1 for each reporting person.
What is the total number of Class A Subordinate Voting Shares of CGI INC beneficially owned by the reporting group?
The total number of Class A Subordinate Voting Shares beneficially owned by the reporting group is 6,543,882, as indicated in Item 9 for each reporting person.
What percentage of CGI INC's Class A Subordinate Voting Shares does this beneficial ownership represent?
This beneficial ownership represents 3.175% of CGI INC's Class A Subordinate Voting Shares, as stated in Item 11 for each reporting person.
What is the CUSIP number for the Class A Subordinate Voting Shares of CGI INC?
The CUSIP number for the Class A Subordinate Voting Shares of CGI INC is 12532H104, as listed under 'Cusip #12532H104' in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' at the beginning of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding CGI INC (GIB).