CGI Inc. (NYSE:GIB) Given Average Rating of “Buy” by Analysts

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have earned a consensus recommendation of “Buy” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $137.00.

Several analysts have issued reports on GIB shares. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and increased their target price for the company from $155.00 to $178.00 in a report on Tuesday, October 15th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DGS Capital Management LLC increased its stake in CGI by 1.8% in the third quarter. DGS Capital Management LLC now owns 31,280 shares of the technology company’s stock valued at $3,596,000 after purchasing an additional 539 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in CGI in the 3rd quarter valued at about $28,000. Unigestion Holding SA increased its stake in shares of CGI by 75.0% during the 3rd quarter. Unigestion Holding SA now owns 26,310 shares of the technology company’s stock valued at $3,027,000 after acquiring an additional 11,280 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of CGI by 23.9% during the 3rd quarter. Toronto Dominion Bank now owns 561,741 shares of the technology company’s stock worth $64,578,000 after acquiring an additional 108,428 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of CGI by 8.6% in the third quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock worth $115,844,000 after acquiring an additional 79,362 shares during the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Price Performance

CGI stock opened at $114.17 on Friday. The firm has a market capitalization of $26.02 billion, a PE ratio of 21.22, a P/E/G ratio of 2.55 and a beta of 0.94. CGI has a 52 week low of $96.92 and a 52 week high of $118.89. The firm’s 50-day simple moving average is $112.98 and its 200 day simple moving average is $108.93. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29.

CGI Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $0.111 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%. CGI’s payout ratio is currently 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.