National Bank Financial Expects Lower Earnings for CGI

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Equities researchers at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of CGI in a report issued on Wednesday, January 29th. National Bank Financial analyst R. Tse now anticipates that the technology company will post earnings of $5.83 per share for the year, down from their previous forecast of $6.05. The consensus estimate for CGI's current full-year earnings is $5.79 per share.

GIB has been the topic of several other reports. Royal Bank of Canada reiterated an "outperform" rating and set a $178.00 target price on shares of CGI in a research report on Monday, January 6th. UBS Group increased their target price on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday. Jefferies Financial Group decreased their price target on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $153.25.

CGI Stock Performance

CGI stock traded down $1.01 during trading hours on Monday, hitting $119.16. The stock had a trading volume of 191,564 shares, compared to its average volume of 198,661. The company has a 50-day moving average of $111.47 and a two-hundred day moving average of $111.70. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $121.55. The company has a market cap of $27.02 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.1039 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, February 14th. CGI's dividend payout ratio (DPR) is presently 8.32%.

Institutional Investors Weigh In On CGI

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of CGI in the 4th quarter worth $925,000. Jones Financial Companies Lllp raised its position in shares of CGI by 46.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,238 shares of the technology company's stock valued at $791,000 after acquiring an additional 2,304 shares during the period. Metis Global Partners LLC boosted its stake in CGI by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after acquiring an additional 108 shares during the last quarter. Versor Investments LP grew its holdings in CGI by 96.7% during the fourth quarter. Versor Investments LP now owns 9,045 shares of the technology company's stock valued at $989,000 after purchasing an additional 4,446 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in CGI by 1.8% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 80,433 shares of the technology company's stock valued at $8,796,000 after purchasing an additional 1,400 shares in 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.