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

CGI (NYSE:GIB) released its earnings results on Wednesday, August, 1st. The technology company reported $1.08 EPS 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 analyst estimates of $2.98 billion. CGI had a net margin of 9.33% and a return on equity of 18.06%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 12 month price objectives for CGI's stock. Their forecasts range from $68.00 to $85.00. On average, they expect CGI's stock price to reach $75.00 in the next year. This suggests a possible upside of 14.9% 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), RMR Group (RMR), Exponent (EXPO), ICF International (ICFI), NIC (EGOV), Navigant Consulting (NCI), 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).

Media headlines about GIB stock have trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.13 on Accern's scale. They also assigned news headlines about the technology company an impact score of 47.89 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for CGI.

CGI's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 purchased 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 $65.29.

CGI has a market capitalization of $18.16 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]