The company is so far trading up by 2.29% since yesterday’s close of $51.07. Company chares are trading at $52.24 which is marginally higher than the 50 day moving average of $49.84 and just above the 200 day moving average of $48.34. The 50 day moving average went up $2.34 or +4.70% and the 200 day average went up $3.84 or +7.95%.
CGI Group Inc. (CGI), launched on September 29, 1981, directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Business’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions. The Business’s segments are United States of America (U.S.); Nordics; Canada; France (including Luxembourg and Morocco) (France); United Kingdom (U.K.); Eastern, Central and Southern Europe (primarily the Netherlands and Germany) (ECS), and Asia Pacific (including Australia, India and the Philippines) (Asia Pacific). The Business’s portfolio of services include consulting and system integration, and transformational outsourcing. Its services in an end-to-end engagement include application development, integration and maintenance; technology infrastructure management, and business process services, such as collections and payroll management. The Business’s Internet Protocol (IP)-based business solutions include CGI Advantage, Momentum, Credit Services Solutions, CGI Atlas360 and CGI Trade360..
These firms have also modified their investment in GIB. Bank Of Montreal /can/ trimmed its investment by shedding 431 shares a decrease of 1.4% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ owns 30,000 shares with a value of $1,532,000. The total value of its holdings increased 5.0%. As of the end of the quarter Iberiabank Corp had disposed of 2,629 shares trimming its holdings by 34.0%. The value of the investment in (GIB) went from $328,000 to $261,000 a change of $67,000 quarter to quarter.
Daiwa Sb Investments Ltd. downsized its holdings by selling 330 shares a decrease of 13.7% in the quarter. Daiwa Sb Investments Ltd. controls 2,080 shares valued at $106,000. The value of the position overall is down by 8.6%. As of quarter end Capstone Asset Management Co had bought a total of 560 shares growing its position 1.6%. The value of the total investment in CGI Group, Inc. increased from $1,693,000 to $1,833,000 increasing 8.3% since the last quarter.
On November 10 the company was changed to a “Hold” according to a Societe Generale report which was a cut from the previous “Buy” rating. Equity analyst Macquarie started covering GIB with an initial rating of “Neutral” and setting a price target of $50.00.
On July 28 Barclays left the company rating at “Overweight” but raised the price target from $44.00 to $52.00. On May 27, 2016 the stock rating was rated “Buy” in a report from Desjardins which is up from the previous “Buy” rating.
On April 4, 2016 TD Securities initiated coverage on GIB with a rating of “Buy”. On November 12 the company was set at “Buy” by SocGen up from the previous “Hold” rating.
The company currently has a P/E ratio of 19.06 and the market value is 15.46B. As of the last earnings report the EPS was $2.74 and is expected to be $2.86 for the current year with 296,309,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.75 and the next full year EPS is projected to be $3.12.