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

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

CGI declared that its Board of Directors has authorized a share buyback plan on Thursday, February 1st 2018, which permits the company to buyback 20,590,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

CGI Inc (NYSE:GIB) announced its quarterly earnings data on Wednesday, January, 30th. The technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The technology company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $2.95 billion. CGI had a return on equity of 18.11% and a net margin of 10.01%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. View CGI's Earnings History.

CGI is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for CGI.

6 brokers have issued twelve-month price targets for CGI's shares. Their forecasts range from $68.00 to $95.00. On average, they expect CGI's stock price to reach $81.50 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price. View Analyst Price Targets for CGI.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CGI.

Media stories about GIB stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CGI earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

Some companies that are related to CGI include Capgemini (CGEMY), Booz Allen Hamilton (BAH), Genpact (G), Exponent (EXPO), FTI Consulting (FCN), RMR Group (RMR), ICF International (ICFI), NIC (EGOV), Huron Consulting Group (HURN), Navigant Consulting (NCI), Apollo Medical (AMEH), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), Avalon Globocare (AVCO) and Information Services Group (III).

Based on aggregate information from My MarketBeat watchlists, some companies that other CGI investors own include CGI (GIB.A), NVIDIA (NVDA), Energy Transfer LP Unit (ET), Home Depot (HD), Micron Technology (MU), Visa (V), Cisco Systems (CSCO), Boeing (BA), Alibaba Group (BABA) and Mcdonald's (MCD).

CGI's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Jarislowsky Fraser Ltd (2.82%), Bank of Montreal Can (2.03%), Connor Clark & Lunn Investment Management Ltd. (1.44%), Great West Life Assurance Co. Can (1.06%), TD Asset Management Inc. (0.98%) and Norges Bank (0.94%).

GIB stock was sold by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., Bank of Montreal Can, Toronto Dominion Bank, Fort L.P., Northern Trust Corp, Cidel Asset Management Inc., Ontario Teachers Pension Plan Board and Gotham Asset Management LLC.

GIB stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Geode Capital Management LLC, CIBC Asset Management Inc, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, PCJ Investment Counsel Ltd., Renaissance Group LLC, Mn Services Vermogensbeheer B.V. and Bank of Nova Scotia.

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 $67.38.

CGI has a market capitalization of $18.49 billion and generates $8.80 billion in revenue each year. The technology company earns $889.38 million in net income (profit) each year or $3.21 on an earnings per share basis. CGI employs 74,000 workers across the globe.

The official website for CGI is http://www.cgi.com.

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]