CGI (NYSE:GIB) Upgraded to Buy by StockNews.com

CGI (NYSE:GIBGet Rating) (TSE:GIB.A) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts have also recently weighed in on GIB. Raymond James upped their price target on shares of CGI from C$130.00 to C$134.00 in a report on Thursday, November 10th. Scotiabank upped their price target on shares of CGI from C$130.00 to C$135.00 in a report on Thursday, November 10th. TD Securities increased their target price on CGI from C$135.00 to C$145.00 in a research note on Thursday, December 22nd. Desjardins increased their target price on CGI from C$126.00 to C$130.00 in a research note on Thursday, November 10th. Finally, Societe Generale cut CGI from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. They noted that the move was a valuation call.

CGI Stock Performance

CGI stock traded up $0.21 during trading on Tuesday, hitting $87.76. The stock had a trading volume of 78,779 shares, compared to its average volume of 100,125. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. The stock’s 50 day moving average is $86.04 and its two-hundred day moving average is $82.55. CGI has a 1 year low of $72.23 and a 1 year high of $89.11. The company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 0.44.

CGI (NYSE:GIBGet Rating) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, November 9th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.78 billion. CGI had a net margin of 11.40% and a return on equity of 21.14%. As a group, analysts predict that CGI will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GIB. American Century Companies Inc. grew its stake in shares of CGI by 23.0% during the first quarter. American Century Companies Inc. now owns 15,630 shares of the technology company’s stock valued at $1,245,000 after buying an additional 2,921 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of CGI during the first quarter valued at about $1,522,000. BlackRock Inc. grew its stake in shares of CGI by 5.4% during the first quarter. BlackRock Inc. now owns 262,287 shares of the technology company’s stock valued at $20,939,000 after buying an additional 13,426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CGI by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 343,162 shares of the technology company’s stock valued at $27,395,000 after buying an additional 32,280 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of CGI by 46.9% during the first quarter. Vontobel Holding Ltd. now owns 12,535 shares of the technology company’s stock valued at $1,014,000 after buying an additional 4,000 shares during the last quarter. 48.54% of the stock is owned by institutional investors.

About CGI

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.

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