CGI (NYSE:GIB) Reaches New 12-Month Low – What’s Next?

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $96.75 and last traded at $98.94, with a volume of 98295 shares trading hands. The stock had previously closed at $98.12.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GIB shares. UBS Group boosted their price target on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Jefferies Financial Group decreased their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $156.75.

CGI Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.58 and a beta of 0.96. The business has a fifty day moving average price of $110.31 and a 200 day moving average price of $111.50.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. As a group, equities analysts forecast that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.1039 per share. The ex-dividend date was Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.42%. CGI’s dividend payout ratio is currently 7.41%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI during the 3rd quarter valued at about $28,000. Sierra Ocean LLC purchased a new stake in shares of CGI during the fourth quarter worth about $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in CGI during the 4th quarter worth approximately $83,000. Hoey Investments Inc. bought a new position in CGI during the 4th quarter valued at $99,000. Finally, Blue Trust Inc. raised its stake in CGI by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock valued at $134,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

About CGI

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.