Desjardins Research Analysts Lift Earnings Estimates for CGI

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Stock analysts at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of CGI in a note issued to investors on Wednesday, April 30th. Desjardins analyst J. Dubreuil now anticipates that the technology company will post earnings of $5.92 per share for the year, up from their prior forecast of $5.89. The consensus estimate for CGI's current full-year earnings is $5.79 per share.

Several other research analysts also recently commented on GIB. Royal Bank of Canada reissued an "outperform" rating and set a $192.00 price objective on shares of CGI in a report on Wednesday, March 26th. UBS Group raised their price target on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $156.75.

CGI Price Performance

Shares of GIB stock traded up $0.15 during mid-day trading on Monday, hitting $106.38. The company had a trading volume of 26,360 shares, compared to its average volume of 290,336. The company has a market capitalization of $24.12 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.58 and a beta of 0.78. The stock's 50 day moving average price is $102.59 and its 200-day moving average price is $109.03. CGI has a 52-week low of $92.85 and a 52-week high of $122.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). CGI had a return on equity of 19.32% and a net margin of 11.72%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the prior year, the business posted $1.97 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year.

CGI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a $0.1086 dividend. The ex-dividend date is Friday, May 16th. This is an increase from CGI's previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a yield of 0.41%. CGI's dividend payout ratio (DPR) is currently 7.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in shares of CGI by 1.7% during the 1st quarter. Vontobel Holding Ltd. now owns 6,135 shares of the technology company's stock worth $613,000 after purchasing an additional 100 shares during the period. First Affirmative Financial Network boosted its position in shares of CGI by 3.8% during the first quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock valued at $290,000 after buying an additional 106 shares during the period. Metis Global Partners LLC grew its stake in shares of CGI by 1.0% during the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock valued at $1,153,000 after buying an additional 108 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of CGI by 0.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock worth $3,412,000 after buying an additional 111 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of CGI by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,619 shares of the technology company's stock worth $1,380,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 66.68% of the company's stock.

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.