CGI (NYSE:GIB) Hits New 1-Year High at $75.94

CGI Inc (NYSE:GIB) (TSE:GIB.A)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $75.94 and last traded at $75.54, with a volume of 10783 shares trading hands. The stock had previously closed at $75.22.

Several equities analysts have recently weighed in on GIB shares. Zacks Investment Research lowered shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, May 6th. CIBC lowered shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Finally, Bank of America began coverage on shares of CGI in a report on Thursday, May 23rd. They issued a “buy” rating and a $83.00 price target for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CGI has a consensus rating of “Buy” and a consensus target price of $80.00.

The firm has a market capitalization of $20.72 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 1.16.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.89 by $0.28. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.06 billion. CGI had a net margin of 10.29% and a return on equity of 18.34%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, analysts anticipate that CGI Inc will post 3.55 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of GIB. Bremer Bank National Association purchased a new stake in CGI in the 1st quarter worth $25,000. Rockefeller Capital Management L.P. purchased a new stake in CGI in the 1st quarter worth $25,000. Parallel Advisors LLC increased its holdings in CGI by 59.0% in the 1st quarter. Parallel Advisors LLC now owns 574 shares of the technology company’s stock worth $39,000 after acquiring an additional 213 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in CGI during the 1st quarter worth $54,000. Finally, Bartlett & Co. LLC acquired a new stake in CGI during the 1st quarter worth $56,000. 56.85% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at

CGI Company Profile (NYSE:GIB)

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

Read More: The risks of owning bonds

Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with's FREE daily email newsletter.