CGI Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) – Analysts at National Bank Financial issued their FY2026 EPS estimates for CGI in a research report issued on Wednesday, November 6th. National Bank Financial analyst R. Tse forecasts that the technology company will earn $6.34 per share for the year. The consensus estimate for CGI’s current full-year earnings is $6.00 per share.
Several other research firms also recently issued reports on GIB. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group initiated coverage on CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 target price for the company. Jefferies Financial Group upped their price target on CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. StockNews.com lowered shares of CGI from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.00.
CGI Stock Performance
Shares of GIB stock opened at $111.92 on Monday. The firm’s 50 day moving average is $113.97 and its 200 day moving average is $107.68. The stock has a market capitalization of $25.51 billion, a P/E ratio of 20.66, a PEG ratio of 2.38 and a beta of 0.96. CGI has a 12 month low of $96.92 and a 12 month high of $118.89. The company has a current ratio of 1.36, a quick ratio of 0.86 and a debt-to-equity ratio of 0.29.
CGI Dividend Announcement
The business also recently announced a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.
Institutional Investors Weigh In On CGI
Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC boosted its holdings in shares of CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of CGI by 9.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $205,000 after purchasing an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in shares of CGI during the 3rd quarter valued at about $208,000. Finally, Thrivent Financial for Lutherans bought a new stake in CGI in the 3rd quarter worth approximately $209,000. 66.68% of the stock is currently owned by institutional investors.
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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