Raymond James Has Pessimistic View of CGI FY2025 Earnings

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Equities researchers at Raymond James reduced their FY2025 earnings per share estimates for shares of CGI in a research note issued on Thursday, January 30th. Raymond James analyst S. Li now forecasts that the technology company will post earnings of $5.80 per share for the year, down from their previous forecast of $5.98. The consensus estimate for CGI’s current full-year earnings is $5.85 per share.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.59% and a net margin of 11.72%.

GIB has been the subject of several other reports. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $178.00 target price on shares of CGI in a report on Monday, January 6th. Jefferies Financial Group reduced their target price on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $150.75.

CGI Stock Down 1.0 %

Shares of CGI stock opened at $117.87 on Monday. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI has a 52-week low of $96.92 and a 52-week high of $121.55. The stock has a 50-day simple moving average of $111.08 and a 200-day simple moving average of $111.44.

Hedge Funds Weigh In On CGI

Several large investors have recently made changes to their positions in GIB. Pembroke Management LTD lifted its stake in CGI by 21.4% in the fourth quarter. Pembroke Management LTD now owns 7,709 shares of the technology company’s stock valued at $843,000 after buying an additional 1,357 shares during the period. Sierra Ocean LLC acquired a new position in CGI in the fourth quarter valued at about $62,000. Blue Trust Inc. lifted its stake in CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock valued at $134,000 after buying an additional 375 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in CGI by 66.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 65,445 shares of the technology company’s stock valued at $7,152,000 after buying an additional 26,038 shares during the period. Finally, Lester Murray Antman dba SimplyRich lifted its stake in CGI by 1.2% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 30,397 shares of the technology company’s stock valued at $3,323,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, February 14th. CGI’s dividend payout ratio (DPR) is presently 8.32%.

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.