Raymond James Brokers Decrease Earnings Estimates for CGI

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Raymond James cut their FY2025 EPS estimates for CGI in a research note issued to investors on Thursday, January 30th. Raymond James analyst S. Li now expects that the technology company will post earnings of $5.80 per share for the year, down from their previous forecast of $5.98. The consensus estimate for CGI’s current full-year earnings is $5.79 per share.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%.

A number of other research analysts have also issued reports on GIB. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. UBS Group lifted their target price on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group lowered their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CGI currently has an average rating of “Buy” and an average price target of $153.25.

CGI Stock Performance

GIB stock opened at $118.17 on Monday. CGI has a 1 year low of $96.92 and a 1 year high of $121.55. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The stock’s fifty day moving average is $111.19 and its two-hundred day moving average is $111.55.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a $0.1039 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.35%. CGI’s dividend payout ratio is currently 8.32%.

Hedge Funds Weigh In On CGI

A number of hedge funds have recently modified their holdings of GIB. Caisse DE Depot ET Placement DU Quebec lifted its position in CGI by 1.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock worth $1,876,550,000 after buying an additional 230,000 shares in the last quarter. National Bank of Canada FI increased its stake in shares of CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after purchasing an additional 861,771 shares during the period. Fiera Capital Corp increased its position in CGI by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after buying an additional 114,864 shares during the period. Bank of Montreal Can raised its stake in CGI by 3.3% during the 3rd quarter. Bank of Montreal Can now owns 3,275,421 shares of the technology company’s stock valued at $373,887,000 after purchasing an additional 104,300 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in shares of CGI by 2.1% in the fourth quarter. Cibc World Market Inc. now owns 1,978,249 shares of the technology company’s stock valued at $216,369,000 after buying an additional 40,492 shares during the period. 66.68% of the stock is currently 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.