Stifel Canada Weighs in on CGI's FY2025 Earnings (NYSE:GIB)

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Stifel Canada increased their FY2025 earnings estimates for shares of CGI in a research report issued on Wednesday, April 30th. Stifel Canada analyst S. Sukumar now expects that the technology company will earn $6.03 per share for the year, up from their prior forecast of $5.74. The consensus estimate for CGI's current full-year earnings is $5.79 per share.

GIB has been the subject of several other reports. UBS Group increased their price objective on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned 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 target price of $156.75.

CGI Trading Up 0.1 %

Shares of NYSE GIB traded up $0.15 during trading on Monday, reaching $106.38. The company had a trading volume of 26,360 shares, compared to its average volume of 290,336. The company's fifty day moving average price is $102.59 and its 200-day moving average price is $109.03. CGI has a 12 month low of $92.85 and a 12 month high of $122.79. The stock has a market cap of $24.12 billion, a P/E ratio of 19.24, a PEG ratio of 2.58 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings data 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). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $4.05 billion. CGI had a net margin of 11.72% and a return on equity of 19.32%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS.

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. This is a positive change 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%. The ex-dividend date is Friday, May 16th. CGI's dividend payout ratio is presently 7.47%.

Hedge Funds Weigh In On CGI

A number of hedge funds have recently bought and sold shares of the company. Scotia Capital Inc. raised its holdings in shares of CGI by 7.6% in the first quarter. Scotia Capital Inc. now owns 600,989 shares of the technology company's stock valued at $59,878,000 after purchasing an additional 42,311 shares during the last quarter. Cumberland Partners Ltd grew its position in CGI by 27.1% in the 1st quarter. Cumberland Partners Ltd now owns 2,810 shares of the technology company's stock worth $280,000 after purchasing an additional 600 shares in the last quarter. XTX Topco Ltd purchased a new stake in CGI in the 1st quarter valued at about $703,000. Fiera Capital Corp lifted its position in shares of CGI by 2.1% during the 1st quarter. Fiera Capital Corp now owns 4,380,743 shares of the technology company's stock worth $437,770,000 after buying an additional 89,458 shares in the last quarter. Finally, KFA Private Wealth Group LLC grew its holdings in shares of CGI by 1.2% in the first quarter. KFA Private Wealth Group LLC now owns 12,500 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 150 shares in the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

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.