NYSE:GIB - CGI Stock Price, News, & Analysis

CGI trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."

CGI announced that its board has initiated a share buyback plan on Thursday, February 1st 2018, which allows the company to repurchase 20,590,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

CGI (NYSE:GIB) announced its quarterly earnings data on Wednesday, August, 1st. The technology company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.24. The technology company earned $2.94 billion during the quarter, compared to analysts' expectations of $2.98 billion. CGI had a return on equity of 18.06% and a net margin of 9.33%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. View CGI's Earnings History.

CGI is scheduled to release their next quarterly earnings announcement on Wednesday, November, 14th 2018. View Earnings Estimates for CGI.

4 analysts have issued twelve-month price targets for CGI's shares. Their forecasts range from $68.00 to $85.00. On average, they anticipate CGI's share price to reach $75.00 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for CGI.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CGI.

Some companies that are related to CGI include Booz Allen Hamilton (BAH), Genpact (G), FTI Consulting (FCN), Exponent (EXPO), RMR Group (RMR), ICF International (ICFI), NIC (EGOV), Huron Consulting Group (HURN), Navigant Consulting (NCI), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), China Internet Nationwide Fncl Srvcs (CIFS), AVALON GLOBOCAR/SH SH (AVCO), Information Services Group, Inc. Common Stock (III) and Wilhelmina International (WHLM).

Press coverage about GIB stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CGI earned a media and rumor sentiment score of 0.16 on Accern's scale. They also assigned news stories about the technology company an impact score of 45.18 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for CGI.

CGI's stock is owned by many different of institutional and retail investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (15.12%), Bank of Montreal Can (2.21%), Connor Clark & Lunn Investment Management Ltd. (1.34%), CIBC World Markets Inc. (1.12%), TD Asset Management Inc. (1.06%) and Great West Life Assurance Co. Can (1.00%).

GIB stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Caisse DE Depot ET Placement DU Quebec, CIBC World Markets Inc., CIBC Asset Management Inc, Greystone Managed Investments Inc., TD Asset Management Inc., Montrusco Bolton Investments Inc. and Russell Investments Group Ltd..

GIB stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Addenda Capital Inc., Acadian Asset Management LLC, Toronto Dominion Bank, Addenda Capital Inc., Connor Clark & Lunn Investment Management Ltd., Massachusetts Financial Services Co. MA and Envestnet Asset Management Inc..

Shares of GIB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of GIB stock can currently be purchased for approximately $65.11.

CGI has a market capitalization of $18.38 billion and generates $8.26 billion in revenue each year. The technology company earns $788.50 million in net income (profit) each year or $2.78 on an earnings per share basis. CGI employs 71,000 workers across the globe.

CGI's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 15TH FLOOR, MONTREAL A8, H3G 1T4. The technology company can be reached via phone at 514-841-3200 or via email at [email protected]