CGI Group FY2025 EPS Lifted by Raymond James Financial

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Equities researchers at Raymond James Financial raised their FY2025 EPS estimates for shares of CGI Group in a note issued to investors on Wednesday, July 30th. Raymond James Financial analyst S. Li now forecasts that the technology company will earn $6.05 per share for the year, up from their prior forecast of $6.03. The consensus estimate for CGI Group’s current full-year earnings is $5.79 per share.

A number of other research firms have also weighed in on GIB. Royal Bank Of Canada reduced their price objective on CGI Group from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group cut their target price on CGI Group from $112.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.25.

CGI Group Price Performance

GIB stock opened at $95.37 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 1.27. The firm has a 50 day moving average price of $104.29 and a 200-day moving average price of $106.40. CGI Group has a 52-week low of $92.85 and a 52-week high of $122.79. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.77 and a beta of 0.72.

CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. CGI Group had a net margin of 11.01% and a return on equity of 18.53%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. CGI Group’s quarterly revenue was up 11.4% on a year-over-year basis.

CGI Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be given a $0.1086 dividend. This is a boost from CGI Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.43 annualized dividend and a yield of 0.5%. CGI Group’s payout ratio is currently 7.83%.

Institutional Trading of CGI Group

Several institutional investors have recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new position in shares of CGI Group in the first quarter worth $25,000. Fifth Third Bancorp boosted its position in shares of CGI Group by 239.5% during the first quarter. Fifth Third Bancorp now owns 258 shares of the technology company’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in CGI Group by 292.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,005 shares of the technology company’s stock worth $100,000 after buying an additional 749 shares in the last quarter. Versant Capital Management Inc increased its holdings in CGI Group by 371.7% in the 1st quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company’s stock worth $105,000 after buying an additional 829 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in CGI Group by 80.4% in the 4th quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company’s stock worth $142,000 after buying an additional 579 shares during the last quarter. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

About CGI Group

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.