Desjardins Comments on CGI’s FY2025 Earnings (NYSE:GIB)

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Stock analysts at Desjardins increased their FY2025 earnings estimates for CGI in a research note issued to investors on Wednesday, April 30th. Desjardins analyst J. Dubreuil now anticipates that the technology company will post earnings of $5.92 per share for the year, up from their prior estimate of $5.89. The consensus estimate for CGI’s current full-year earnings is $5.79 per share.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $4.05 billion. CGI had a net margin of 11.72% and a return on equity of 19.32%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $1.97 EPS.

Several other analysts have also commented on the stock. UBS Group increased their price target on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Jefferies Financial Group lowered their target price on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $156.75.

CGI Price Performance

Shares of NYSE GIB opened at $104.90 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.58 and a beta of 0.85. The company’s 50-day moving average price is $102.72 and its 200 day moving average price is $109.22. CGI has a 52 week low of $92.85 and a 52 week high of $122.79.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of CGI by 182.6% in the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after purchasing an additional 308,040 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CGI in the third quarter valued at approximately $28,000. Rempart Asset Management Inc. lifted its position in CGI by 0.5% during the fourth quarter. Rempart Asset Management Inc. now owns 188,280 shares of the technology company’s stock valued at $20,554,000 after buying an additional 1,015 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in CGI by 39.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 4,758 shares of the technology company’s stock worth $523,000 after purchasing an additional 1,345 shares during the period. Finally, Signal Advisors Wealth LLC increased its holdings in CGI by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company’s stock valued at $345,000 after purchasing an additional 135 shares in the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.1086 per share. This is a positive change from CGI’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th. CGI’s dividend payout ratio is presently 7.47%.

CGI Company Profile

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.