CGI Group (NYSE:GIB) Given New $105.00 Price Target at UBS Group

Key Points

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CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A had its price target cut by research analysts at UBS Group from $112.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. UBS Group's target price would indicate a potential upside of 10.10% from the company's previous close.

CGI Group Price Performance

NYSE:GIB traded down $1.06 during trading hours on Thursday, reaching $95.37. 324,095 shares of the company were exchanged, compared to its average volume of 296,347. The business has a 50 day moving average of $104.29 and a 200 day moving average of $106.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 0.92. CGI Group has a 1-year low of $92.85 and a 1-year high of $122.79. The company has a market capitalization of $21.40 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.77 and a beta of 0.76.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last released its earnings results on Wednesday, July 30th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. CGI Group had a return on equity of 18.53% and a net margin of 11.01%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The company's quarterly revenue was up 11.4% on a year-over-year basis. Research analysts forecast that CGI Group will post 5.79 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GIB. Vontobel Holding Ltd. raised its position in CGI Group 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 last quarter. Townsquare Capital LLC raised its position in CGI Group by 3.7% during the 1st quarter. Townsquare Capital LLC now owns 2,870 shares of the technology company's stock worth $287,000 after purchasing an additional 102 shares during the last quarter. First Affirmative Financial Network raised its position in CGI Group by 3.8% during the 1st quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock worth $290,000 after purchasing an additional 106 shares during the last quarter. Ameriprise Financial Inc. raised its position in CGI Group 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 purchasing an additional 115 shares during the last quarter. Finally, Manhattan West Asset Management LLC raised its position in CGI Group by 0.5% during the 4th quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock worth $2,779,000 after purchasing an additional 126 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors.

CGI Group 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.