CGI (NYSE:GIB) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of CGI (NYSE:GIB) (TSE:GIB.A) from a hold rating to a sell rating in a report released on Thursday.

GIB has been the topic of a number of other research reports. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on CGI from $120.00 to $121.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a report on Thursday, August 1st. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and boosted their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, UBS Group assumed coverage on CGI in a report on Friday, July 19th. They issued a “neutral” rating and a $112.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.00.

CGI Trading Down 1.2 %

CGI stock traded down $1.37 during trading on Thursday, reaching $111.15. 58,745 shares of the company were exchanged, compared to its average volume of 147,800. CGI has a 52-week low of $96.92 and a 52-week high of $118.89. The company has a market capitalization of $25.33 billion, a P/E ratio of 20.81, a PEG ratio of 2.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $113.97 and its two-hundred day simple moving average is $107.58.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. CGI had a return on equity of 20.21% and a net margin of 11.51%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. On average, equities research analysts expect that CGI will post 5.54 earnings per share for the current fiscal year.

CGI Announces Dividend

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 dividend of $0.111 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%. CGI’s payout ratio is 2.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of CGI by 288.2% during the 3rd 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 position in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after acquiring an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of CGI during the 3rd quarter worth about $208,000. Thrivent Financial for Lutherans purchased a new stake in shares of CGI in the 3rd quarter valued at about $209,000. Finally, Atria Investments Inc purchased a new stake in shares of CGI in the 3rd quarter valued at about $218,000. 66.68% of the stock is owned by institutional investors and hedge funds.

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.