CGI (NYSE:GIB) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of CGI (NYSE:GIB - Free Report) TSE: GIB.A from a hold rating to a buy rating in a report released on Thursday morning, Marketbeat Ratings reports.

Separately, StockNews.com lowered shares of CGI from a buy rating to a hold rating in a report on Monday, March 11th.

CGI Stock Performance

Shares of GIB traded up $2.75 during trading hours on Thursday, hitting $102.11. The stock had a trading volume of 178,136 shares, compared to its average volume of 148,017. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.11. The firm has a 50-day moving average price of $110.10 and a 200 day moving average price of $106.86. CGI has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The firm has a market capitalization of $23.72 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.22 and a beta of 0.93.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. CGI had a net margin of 11.34% and a return on equity of 20.65%. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.59 billion. As a group, research analysts anticipate that CGI will post 5.69 EPS for the current year.

Institutional Trading of CGI

Hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC lifted its position in shares of CGI by 471.7% during the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company's stock worth $26,000 after purchasing an additional 217 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of CGI by 297.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company's stock worth $29,000 after buying an additional 202 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of CGI during the first quarter worth approximately $30,000. Group One Trading L.P. purchased a new stake in shares of CGI during the third quarter worth approximately $36,000. Finally, Quantbot Technologies LP purchased a new stake in shares of CGI during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 66.68% of the company's stock.

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.