CGI Group, Inc. (GIB) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is cautious: CGI Group has a consensus “Reduce” rating, with one sell and six hold recommendations. The average 12-month price target is $83.67, while RBC set a $100 target and TD Securities downgraded the stock to hold.
• Institutional ownership remains high: Hedge funds and other institutional investors own 66.68% of CGI Group, with several firms increasing their positions during the second and third quarters.
• Shares trade at $70.17: CGI Group has a $14.53 billion market capitalization, a 12.04 P/E ratio, and has ranged from $59.63 to $95.20 over the past year. The company also pays a quarterly dividend of C$0.17, representing an approximately 1.0% yield.

CGI Group, Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A has been assigned a consensus rating of "Reduce" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.67.

A number of research analysts recently issued reports on GIB shares. Weiss Ratings lowered shares of CGI Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th. TD Securities lowered shares of CGI Group from a "buy" rating to a "hold" rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $100.00 target price on shares of CGI Group in a report on Tuesday, October 6th.

Hedge Funds Weigh In On CGI Group

A number of hedge funds have recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. increased its holdings in CGI Group by 14.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 58,052 shares of the technology company's stock valued at $3,956,000 after purchasing an additional 7,500 shares during the period. Versant Capital Management Inc raised its position in CGI Group by 48.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,313 shares of the technology company's stock worth $158,000 after purchasing an additional 750 shares during the last quarter. Andra AP fonden bought a new position in CGI Group during the 2nd quarter worth $1,201,000. Sequoia Financial Advisors LLC raised its position in CGI Group by 16.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 36,485 shares of the technology company's stock worth $2,356,000 after purchasing an additional 5,031 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in CGI Group by 5.4% during the 2nd quarter. Tidal Investments LLC now owns 14,457 shares of the technology company's stock worth $933,000 after buying an additional 739 shares during the period. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Group Stock Performance

NYSE:GIB opened at $70.17 on Monday. The stock has a market cap of $14.53 billion, a P/E ratio of 12.04 and a beta of 0.47. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average is $72.00 and its 200-day moving average is $69.67. CGI Group has a 1-year low of $59.63 and a 1-year high of $95.20.

CGI Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 14th were paid a dividend of C$0.17 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. CGI Group's dividend payout ratio (DPR) is presently 8.23%.

CGI Group Company Profile

CGI Inc, formerly known as CGI Group Inc, is a Canadian information technology and business consulting services company headquartered in Montreal, Quebec. Founded in 1976 by Serge Godin and André Imbeau, the company has grown into a global provider of technology and business solutions for commercial and government clients.

CGI's services include IT and business consulting, systems integration, application development and maintenance, managed IT services, cybersecurity, cloud computing, and business process services.

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