CGI Inc. (NYSE:GIB) Receives $137.00 Consensus PT from Analysts

Shares of CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A have earned an average recommendation of "Buy" from the five research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $137.00.

GIB has been the topic of several analyst reports. UBS Group initiated coverage on CGI in a research note on Friday, July 19th. They issued a "neutral" rating and a $112.00 target price on the stock. Sanford C. Bernstein raised CGI to a "strong-buy" rating in a report on Thursday, August 1st. Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. StockNews.com downgraded CGI from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Jefferies Financial Group boosted their price target on CGI from $120.00 to $121.00 and gave the company a "buy" rating in a report on Tuesday, July 16th.

Institutional Trading of CGI

A number of institutional investors and hedge funds have recently made changes to their positions in GIB. Blue Trust Inc. lifted its stake in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock valued at $91,000 after purchasing an additional 585 shares during the last quarter. CWM LLC increased its holdings in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company's stock valued at $157,000 after buying an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in CGI by 9.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock valued at $205,000 after buying an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in CGI in the third quarter valued at $208,000. Finally, Thrivent Financial for Lutherans purchased a new position in CGI in the third quarter valued at $209,000. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

CGI Stock Up 0.9 %

Shares of CGI stock traded up $1.03 during trading on Monday, hitting $112.18. 65,934 shares of the stock traded hands, compared to its average volume of 147,650. The firm has a market cap of $25.57 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 0.86 and a debt-to-equity ratio of 0.29. CGI has a 52-week low of $96.92 and a 52-week high of $118.89. The stock's fifty day simple moving average is $113.97 and its 200 day simple moving average is $107.68.

CGI Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.

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.