CGI Inc. (NYSE:GIB) Given Consensus Rating of "Buy" by Analysts

CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A has been given a consensus rating of "Buy" by the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $156.75.

Several analysts recently commented on GIB shares. Jefferies Financial Group cut their price objective on shares of CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Finally, UBS Group boosted their price objective on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd.

Institutional Investors Weigh In On CGI

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIB. Fifth Third Bancorp raised its stake in CGI by 239.5% during the 1st quarter. Fifth Third Bancorp now owns 258 shares of the technology company's stock valued at $26,000 after buying an additional 182 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in CGI during the third quarter valued at $28,000. Sierra Ocean LLC bought a new position in CGI in the fourth quarter valued at about $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in CGI in the fourth quarter worth about $83,000. Finally, Hoey Investments Inc. bought a new stake in shares of CGI during the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 66.68% of the company's stock.

CGI Stock Up 0.2 %

Shares of GIB stock traded up $0.17 during mid-day trading on Thursday, reaching $103.23. 202,730 shares of the company's stock traded hands, compared to its average volume of 195,817. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The company's 50-day moving average price is $106.12 and its 200-day moving average price is $110.13. The company has a market cap of $23.40 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.58 and a beta of 0.85. CGI has a 12 month low of $92.85 and a 12 month high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share for the quarter, meeting analysts' consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. On average, equities analysts expect that CGI will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.1039 per share. The ex-dividend date was Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.40%. CGI's payout ratio is 7.41%.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.