National Bank Financial Lowers Earnings Estimates for CGI

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Investment analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of CGI in a research report issued to clients and investors on Wednesday, January 29th. National Bank Financial analyst R. Tse now forecasts that the technology company will post earnings of $5.83 per share for the year, down from their prior forecast of $6.05. The consensus estimate for CGI’s current full-year earnings is $5.79 per share.

A number of other equities research analysts have also recently commented on GIB. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group upped their price target on shares of 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 report on Monday, January 6th. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group reduced their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $153.25.

CGI Price Performance

GIB opened at $118.17 on Monday. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $121.55. The firm has a 50-day moving average of $111.19 and a 200 day moving average of $111.55. 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 firm has a market cap of $26.79 billion, a P/E ratio of 21.37, a PEG ratio of 2.59 and a beta of 0.94.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GIB. Wilmington Savings Fund Society FSB bought a new position in CGI during the 3rd quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in shares of CGI in the fourth quarter worth approximately $62,000. Blue Trust Inc. increased its stake in shares of CGI by 288.2% in 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 raised its holdings in CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in CGI during the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Dividend Announcement

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

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.