CGI (NYSE:GIB) Raised to Buy at TD Securities

TD Securities upgraded shares of CGI (NYSE:GIB) (TSE:GIB.A) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, MarketBeat.com reports.

Separately, StockNews.com cut CGI from a buy rating to a hold rating in a research note on Monday, March 11th.

CGI Stock Performance

Shares of CGI stock traded up $1.57 during trading on Thursday, hitting $103.68. 181,289 shares of the stock were exchanged, compared to its average volume of 189,499. The stock’s fifty day moving average is $109.85 and its 200 day moving average is $106.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.17. The stock has a market cap of $24.09 billion, a PE ratio of 19.98, a P/E/G ratio of 2.36 and a beta of 0.93. CGI has a 12 month low of $93.07 and a 12 month high of $118.89.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.59 billion. CGI had a return on equity of 20.43% and a net margin of 11.38%. As a group, sell-side analysts anticipate that CGI will post 5.59 EPS for the current year.

Institutional Investors Weigh In On CGI

Institutional investors and hedge funds have recently bought and sold shares of the business. Janiczek Wealth Management LLC grew its position in shares of CGI by 4.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 3,340 shares of the technology company’s stock worth $358,000 after buying an additional 143 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of CGI by 3.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,059 shares of the technology company’s stock valued at $400,000 after buying an additional 146 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in CGI by 0.5% during the first quarter. Sequoia Financial Advisors LLC now owns 30,933 shares of the technology company’s stock worth $3,418,000 after purchasing an additional 149 shares during the period. Oppenheimer Asset Management Inc. boosted its position in CGI by 6.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,477 shares of the technology company’s stock worth $244,000 after purchasing an additional 158 shares during the period. Finally, CWM LLC raised its holdings in CGI by 19.1% in the 1st quarter. CWM LLC now owns 1,185 shares of the technology company’s stock valued at $131,000 after acquiring an additional 190 shares during the period. Institutional investors 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.