Analysts Set CGI Inc. (NYSE:GIB) PT at $153.25

Shares of CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A have been assigned a consensus recommendation of "Buy" from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $153.25.

GIB has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on 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 restated an "outperform" rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research report on Friday, November 15th. Finally, UBS Group boosted their target price on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd.

CGI Stock Performance

NYSE GIB traded down $4.75 on Wednesday, hitting $112.58. 493,171 shares of the company traded hands, compared to its average volume of 223,103. The company has a market capitalization of $25.52 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.60 and a beta of 0.94. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The business's 50 day moving average price is $112.99 and its 200-day moving average price is $112.52. CGI has a 52-week low of $96.92 and a 52-week high of $122.79.

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

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1039 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.37%. CGI's payout ratio is currently 7.41%.

Institutional Investors Weigh In On CGI

Several large investors have recently added to or reduced their stakes in GIB. Norges Bank bought a new stake in CGI during the fourth quarter worth approximately $286,970,000. Canoe Financial LP bought a new position in shares of CGI during the fourth quarter valued at approximately $94,390,000. National Bank of Canada FI grew its stake in shares of CGI by 23.6% during the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company's stock valued at $519,072,000 after buying an additional 861,771 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of CGI by 1,190.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 845,916 shares of the technology company's stock valued at $92,438,000 after buying an additional 780,370 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of CGI by 29.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,992,111 shares of the technology company's stock valued at $327,007,000 after buying an additional 678,431 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

CGI Company Profile

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.