CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A's stock price fell 5.1% during trading on Thursday . The company traded as low as $98.46 and last traded at $98.23. 86,333 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 175,870 shares. The stock had previously closed at $103.52.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on GIB. Jefferies Financial Group decreased their price objective on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. UBS Group raised their price target on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CGI currently has an average rating of "Buy" and a consensus target price of $153.25.
View Our Latest Stock Report on GIB
CGI Stock Performance
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.58 and a beta of 0.96. The firm's 50-day moving average price is $111.15 and its 200 day moving average price is $111.98.
CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) 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, sell-side analysts anticipate that CGI Inc. will post 5.79 EPS for the current year.
CGI Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a dividend yield of 0.42%. CGI's payout ratio is presently 7.41%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Atria Investments Inc acquired a new stake in shares of CGI in the 3rd quarter valued at approximately $218,000. Natixis Advisors LLC lifted its stake in CGI by 18.2% in the third quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company's stock valued at $2,663,000 after acquiring an additional 3,564 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of CGI in the 3rd quarter valued at about $209,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CGI by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company's stock valued at $64,518,000 after purchasing an additional 21,427 shares during the period. Finally, Citigroup Inc. lifted its stake in CGI by 2.0% in the 3rd quarter. Citigroup Inc. now owns 100,915 shares of the technology company's stock valued at $11,625,000 after purchasing an additional 1,970 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.
About CGI
(
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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.
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