CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) – Investment analysts at Scotiabank decreased their FY2025 EPS estimates for CGI in a report issued on Wednesday, January 8th. Scotiabank analyst D. Goyal now anticipates that the technology company will post earnings of $5.79 per share for the year, down from their previous forecast of $6.08. The consensus estimate for CGI’s current full-year earnings is $5.99 per share. Scotiabank also issued estimates for CGI’s FY2026 earnings at $6.13 EPS.
A number of other analysts also recently weighed in on GIB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $178.00 target price on shares of CGI in a research report on Monday. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and raised their target price for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, CGI currently has an average rating of “Buy” and an average price target of $147.25.
CGI Stock Up 0.8 %
Shares of NYSE:GIB opened at $109.15 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. CGI has a 52-week low of $96.92 and a 52-week high of $118.89. The firm has a market capitalization of $24.87 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.55 and a beta of 0.95. The stock has a 50 day moving average price of $110.96 and a 200-day moving average price of $110.35.
Hedge Funds Weigh In On CGI
Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in CGI during the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its position in shares of CGI by 288.2% during 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 period. CWM LLC lifted its stake in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new position in CGI in the 3rd quarter worth $208,000. Finally, Thrivent Financial for Lutherans purchased a new stake in CGI in the 3rd quarter worth $209,000. Institutional investors own 66.68% of the company’s stock.
CGI Dividend Announcement
The company also recently declared a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.111 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s payout ratio is 8.18%.
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.
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