CGI Inc Announces Quarterly Dividend of $0.17 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders of record on Friday, September 18th will be given a dividend of 0.17 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 14th.

CGI Trading Down 2.0%

TSE:GIB.A traded down C$2.06 during trading hours on Wednesday, reaching C$102.23. 39,316 shares of the company were exchanged, compared to its average volume of 672,777. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market cap of C$21.17 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.24 and a beta of 0.14. CGI has a 52-week low of C$83.34 and a 52-week high of C$134.87. The stock has a 50 day simple moving average of C$95.10 and a 200 day simple moving average of C$98.63.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.19 billion for the quarter. As a group, analysts predict that CGI will post 8.3679245 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James Financial cut their target price on CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Canaccord Genuity Group lowered their price target on CGI from C$150.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce upped their price target on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. TD lifted their price objective on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein reduced their price objective on CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, CGI currently has an average rating of “Moderate Buy” and an average target price of C$124.23.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.