CGI Inc. (NYSE:GIB) to Issue Dividend of $0.11

CGI Inc. (NYSE:GIB) (TSE:GIB.A) declared a dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.111 per share by the technology company on Friday, December 20th. The ex-dividend date of this dividend is Wednesday, November 20th.

CGI Trading Down 0.3 %

Shares of NYSE:GIB traded down $0.30 during midday trading on Thursday, hitting $112.49. The company had a trading volume of 198,433 shares, compared to its average volume of 109,427. CGI has a 12 month low of $96.92 and a 12 month high of $118.89. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.38 and a beta of 0.96. The firm has a fifty day simple moving average of $113.97 and a 200 day simple moving average of $107.58.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.03. CGI had a return on equity of 20.21% and a net margin of 11.51%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. On average, analysts predict that CGI will post 5.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the company from $155.00 to $178.00 in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group assumed coverage on CGI in a research report on Friday, July 19th. They issued a “neutral” rating and a $112.00 target price on the stock. Sanford C. Bernstein raised CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $137.00.

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.