Brokerages Set CGI Inc. (NYSE:GIB) Price Target at $137.00

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have earned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $137.00.

A number of brokerages recently commented on GIB. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and lifted their price objective for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th.

Institutional Trading of CGI

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI during the third quarter worth $28,000. Blue Trust Inc. lifted its position in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares during the period. CWM LLC boosted its stake in 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 buying an additional 176 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in CGI in the 3rd quarter worth about $208,000. Finally, Thrivent Financial for Lutherans purchased a new stake in CGI in the 3rd quarter valued at about $209,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Stock Up 0.5 %

CGI stock opened at $109.76 on Tuesday. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The stock’s fifty day moving average is $111.27 and its two-hundred day moving average is $110.08. 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 Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date was Wednesday, November 20th. CGI’s dividend payout ratio is presently 8.18%.

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.