Brokerages Set CGI Inc. (NYSE:GIB) PT at $137.00

CGI Inc. (NYSE:GIB) (TSE:GIB.A) has been given a consensus rating of “Buy” by the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $137.00.

GIB has been the topic of a number of research analyst reports. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the company from $155.00 to $178.00 in a research report on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GIB. Wilmington Savings Fund Society FSB acquired a new position in shares of CGI in the 3rd quarter valued at $28,000. Blue Trust Inc. lifted its stake in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after purchasing an additional 585 shares in the last quarter. CWM LLC grew its holdings in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares during the period. Werba Rubin Papier Wealth Management acquired a new stake in CGI during the 3rd quarter worth approximately $208,000. Finally, Thrivent Financial for Lutherans acquired a new position in CGI during the third quarter valued at approximately $209,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Price Performance

Shares of GIB opened at $109.18 on Tuesday. The firm has a 50-day simple moving average of $111.34 and a two-hundred day simple moving average of $110.01. The stock has a market cap of $24.88 billion, a PE ratio of 20.29, a P/E/G ratio of 2.60 and a beta of 0.94. CGI has a 1-year low of $96.92 and a 1-year high of $118.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02.

CGI Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a $0.111 dividend. The ex-dividend date was Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s dividend payout ratio is presently 8.18%.

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.