CGI Inc Declares Quarterly Dividend of $0.17 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, June 19th will be paid a dividend of 0.17 per share on Friday, June 19th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 15th.

CGI Stock Down 1.9%

Shares of GIB.A stock traded down C$1.68 during mid-day trading on Wednesday, reaching C$85.02. 76,983 shares of the company’s stock traded hands, compared to its average volume of 677,566. The company’s 50-day moving average price is C$99.09 and its 200-day moving average price is C$112.73. The company has a market cap of C$17.80 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.24 and a beta of 0.08. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 12 month low of C$84.55 and a 12 month high of C$152.30.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.16 billion during the quarter. On average, equities analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GIB.A. Canadian Imperial Bank of Commerce cut their price objective on shares of CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Raymond James Financial dropped their price target on CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada downgraded CGI from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$150.00 to C$100.00 in a research note on Thursday, April 30th. BMO Capital Markets reduced their price objective on CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Finally, TD lowered their price objective on CGI from C$153.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, CGI has a consensus rating of “Moderate Buy” and an average price target of C$127.46.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.