CGI (GIB) to Release Earnings on Wednesday

CGI (NYSE:GIB) (TSE:GIB.A) will release its earnings data before the market opens on Wednesday, November 8th. Analysts expect CGI to post earnings of $1.36 per share for the quarter.

CGI Stock Up 0.6 %

CGI stock opened at $96.48 on Wednesday. The company has a market capitalization of $22.71 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.65 and a beta of 0.90. The firm’s fifty day simple moving average is $100.19 and its 200-day simple moving average is $101.69. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. CGI has a 1-year low of $77.16 and a 1-year high of $107.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CGI in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.

Institutional Trading of CGI

A number of large investors have recently added to or reduced their stakes in GIB. Vanguard Group Inc. raised its stake in CGI by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,152,074 shares of the technology company’s stock worth $538,122,000 after purchasing an additional 50,028 shares in the last quarter. Norges Bank bought a new stake in CGI during the 4th quarter worth approximately $203,388,000. Arrowstreet Capital Limited Partnership bought a new stake in CGI during the 1st quarter worth approximately $212,464,000. JPMorgan Chase & Co. lifted its position in shares of CGI by 16.0% in the 1st quarter. JPMorgan Chase & Co. now owns 981,409 shares of the technology company’s stock worth $94,480,000 after purchasing an additional 135,563 shares during the period. Finally, Morgan Stanley lifted its position in shares of CGI by 43.2% in the 4th quarter. Morgan Stanley now owns 792,171 shares of the technology company’s stock worth $68,230,000 after purchasing an additional 238,852 shares during the period. Institutional investors and hedge funds own 49.02% of the company’s stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.