CGI Inc. (NYSE:GIB) Declares 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 paid a dividend of 0.111 per share by the technology company on Friday, December 20th. The ex-dividend date is Wednesday, November 20th.

CGI Stock Up 0.1 %

Shares of GIB stock traded up $0.15 during mid-day trading on Thursday, hitting $112.64. The stock had a trading volume of 19,002 shares, compared to its average volume of 147,594. CGI has a 12-month low of $96.92 and a 12-month high of $118.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The firm’s 50-day moving average is $113.97 and its two-hundred day moving average is $107.58. The firm has a market capitalization of $25.67 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

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