NYSE:GIB - CGI Group Stock Price, Price Target & More

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

CGI Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st 2018, which permits the company to repurchase 20,590,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

CGI Group Inc (NYSE:GIB) posted its earnings results on Wednesday, May, 2nd. The technology company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.02. The technology company earned $2.95 billion during the quarter, compared to the consensus estimate of $2.88 billion. CGI Group had a net margin of 9.31% and a return on equity of 17.67%. CGI Group's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. View CGI Group's Earnings History.

3 equities research analysts have issued 1-year target prices for CGI Group's shares. Their forecasts range from $64.00 to $85.00. On average, they expect CGI Group's stock price to reach $73.6667 in the next year. View Analyst Ratings for CGI Group.

Some companies that are related to CGI Group include Booz Allen Hamilton (BAH), GECIS (G), Exponent (EXPO), RMR Group (RMR), FTI Consulting (FCN), ICF International (ICFI), Navigant Consulting (NCI), NIC (EGOV), Huron Consulting Group (HURN), 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).

News headlines about GIB stock have trended somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CGI Group earned a media sentiment score of 0.07 on Accern's scale. They also assigned headlines about the technology company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

CGI Group's stock is owned by many different of institutional and retail investors. Top institutional investors include New South Capital Management Inc. (1.06%), PCJ Investment Counsel Ltd. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Toronto Dominion Bank (0.24%), AGF Investments Inc. (0.19%) and Cumberland Partners Ltd (0.16%). View Institutional Ownership Trends for CGI Group.

GIB stock was sold by a variety of institutional investors in the last quarter, including AGF Investments Inc., New South Capital Management Inc., Cumberland Partners Ltd and State of Tennessee Treasury Department. View Insider Buying and Selling for CGI Group.

GIB stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Barometer Capital Management Inc., Forsta AP Fonden, O Shaughnessy Asset Management LLC, PCJ Investment Counsel Ltd., Toronto Dominion Bank, Gulf International Bank UK Ltd and United Capital Financial Advisers LLC. View Insider Buying and Selling for CGI Group.

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 $63.00.

CGI Group has a market capitalization of $18.14 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 Group employs 71,000 workers across the globe.

CGI Group'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]