CGI (NYSE:GIB) Stock, Quote.Headers.trade-ideas

CGI is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services. Its largest vertical market is government, which contributes more than a third of group revenue.

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CGI Inc (NYSE: GIB) disclosed the acquisition of Momentum Consulting Corp.

CGI Amplifies Miami Presence: Snaps Up IT Fim Momentum Consulting

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Tech

BofA Analyst Upgrades DXC Tech, Double Downgrades CGI - Read Why

Earnings

CGI Smashes Past Q3 Earnings Estimates, Clocks $23.34B Backlog

CGI Inc

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RBC Capital analyst Paul Treiber reiterates CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) with a Outperform and maintains $178 price target.

Reiteration

RBC Capital Reiterates Outperform on CGI, Maintains $178 Price Target

SkyAlyne Partners With CGI To Deliver IT Solutions For Canada's 25-Year Future Aircrew Training Program

CGI Achieves Microsoft-Verified Managed XDR Solution Status, Enhancing Cybersecurity Services

RBC Capital analyst Paul Treiber reiterates CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Outperform and maintains C$178 price target.

TSX:GIB

TSX:GIB/A

RBC Capital Reiterates Outperform on CGI, Maintains C$178 Price Target

CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>), one of the largest independent IT and business consulting services firms in the world,&nbsp;today announced their involvement in a new portal designed by Wounded Warrior Project&#xAE; (WWP). The robust digital platform is available to wounded veterans and their loved ones and helps connect them to resources, support services, events and a network of thousands of veterans and family members globally. Called MyWWP, the platform is built on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4297251-1&amp;h=3998922254&amp;u=https%3A%2F%2Fwww.cgi.com%2Fus%2Fen-us%2Fpartner-ecosystem%2Fsalesforce-partner&amp;a=Salesforce">Salesforce</a>, and is one of WWP's earliest projects using Experience Cloud as an interactive social platform.
WWP&#x2122; developed the portal in support of its mission to provide mental health services, career counseling, long-term rehabilitative care and advocacy to improve the lives of warriors and their families.

CGI Teams Up with Wounded Warrior Project for New Veteran Support Platform

RBC Capital analyst Paul Treiber maintains CGI Inc (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Outperform and raises the price target from C$170 to C$178.

TSX:GIB.A

RBC Capital Maintains Outperform on CGI Inc, Raises Price Target to C$178

Bookings were $3.82 billion, representing a book-to-bill ratio of 104.4% or 109.3% on a trailing twelve-month basis.&nbsp;
Bookings were $3.82 billion, representing a book-to-bill ratio of 104.4% or 109.3% on a trailing twelve-month basis.
 &nbsp;

CGI's Q4 Bookings Were $3.82B For A Book-To-Bill Ratio Of 104.4%

Earnings Beats

CGI Q4 2024 Adj. EPS C$1.92 Beats C$1.91 Estimate, Sales C$3.660B Beat C$3.609B Estimate

CGI will also be involved in supporting Michelin's Customer Experience and Services &amp; Solutions domains.

Contracts

CGI Signs 3-year Contract With Michelin To Develop And Maintain Supply Chain And Planning Production Manufacturing Applications

These task orders were awarded under CGI&#39;s Global Support Strategy for Overseas Consular Support Services 2.0 (GSS 2.0) Indefinite-Delivery, Indefinite-Quantity (IDIQ), multi-award prime contract and have a combined 2-year base period funded value of&nbsp;$37.4M, and a combined total contract value of&nbsp;$137.3M.
Under these newly awarded task orders, CGI will continue to provide critical processing support for non-immigrant and immigrant visas through 2032 at U.S. embassies and consulates in 25 countries across&nbsp;Europe&nbsp;and Asia.&nbsp;

CGI Says Subsidiary Awarded Three Task Orders By US DoS To Support End-To-End Visa Application Processing Services Across Scandinavia, Central Europe, China And Southeast Asia

CGI Federal, the wholly owned U.S. operating subsidiary of CGI, announced it has been awarded a position on the Foundation Cloud Hosting Services II 10-year, $2B Indefinite-Delivery, Indefinite-Quantity contract by the U.S. Department of the Interior

CGI Announced That It Has Signed The European Union Artificial Intelligence (AI) Act Pledge As Part Of Its Engagement With The European Commission's AI Pact

CGI will issue&nbsp;C$750 million&nbsp;in aggregate principal amount of senior unsecured notes, consisting of C$300&nbsp;million aggregate principal amount of 3-year notes and&nbsp;C$450 million&nbsp;aggregate principal amount of 5-year notes. The 3-year notes will bear interest at the rate of&nbsp;3.987%&nbsp;per annum and 5-year notes will bear interest at the rate of&nbsp;4.147%&nbsp;per annum.&nbsp;

Reported Earlier, CGI Prices C$750M Senior Unsecured Notes Offering With 3-Year And 5-Year Maturities

CGI Federal Inc., The Wholly-owned U.S. Operating Subsidiary Of CGI, Announced Two Contract Awards From The U.S. Patent And Trademark Office With A Combined Total Potential Value Of $119M

CGI will partner with the city&#39;s Department of Finance under a new five-year contract with an optional two-year renewal to administer the adjudication, payment and collection processes for parking and camera violations issued by the city, resulting in the collection of over&nbsp;C$1.3 billion&nbsp;in public revenue each year.

CGI Reveals Its Selection By The City Of New York For Maintenance Of The STARS Parking Violation System

By extending its longstanding collaboration with DoS, CGI will continue to deliver process efficiencies and customer service improvements, as well as other core mission services to support the Bureau.

CGI Subsidiary Reveals 2-year, $378M Extension Of Its Contract With US Department Of State For End-to-end Passport Application Processing Services

Scotiabank analyst Divya Goyal maintains CGI INC (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Sector Outperform and raises the price target from C$160 to C$170.

Scotiabank Maintains Sector Outperform on CGI INC, Raises Price Target to C$170

RBC Capital analyst Paul Treiber maintains CGI INC (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Outperform and raises the price target from C$163 to C$170.

RBC Capital Maintains Outperform on CGI INC, Raises Price Target to C$170

WIIM

CGI shares are trading higher after the company reported better-than-expected Q3 financial results.  Additionally, the company announced the acquisition of Aeyon, no terms were disclosed.

CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.38 by 1.45 percent. This is a 4.48 percent increase over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $2.68 billion which beat the analyst consensus estimate of $2.67 billion by 0.52 percent. This is a 0.48 percent decrease over sales of $2.70 billion the same period last year.

CGI Q3 Adj $1.40 Beats $1.38 Estimate, Sales $2.68B Beat $2.67B Estimate

Raymond James analyst Steven Li raised the firm's price target on CGI (GIB) to C$180 from C$171 and keeps an Outperform rating on the shares. Publi...

CGI price target raised to C$180 from C$171 at Raymond James

RBC Capital analyst Paul Treiber raised the firm's price target on CGI (GIB) to C$178 from C$170 and keeps an Outperform rating on the shares. Publ...

CGI price target raised to C$178 from C$170 at RBC Capital

In a report released today, Paul Treiber from RBC Capital maintained a Buy rating on CGI Group (GIB – Research Report), with a price target of C$17...

CGI Group (GIB): New Buy Recommendation for This Technology Giant

Invesco EQV International Equity Fund Q3 2024 Commentary

CGI merges operations with Daugherty to expand in multiple U.S. metro markets

CGI (GIB) signed an equity purchase agreement to merge operations with Daugherty, a St. Louis-based professional services firm specializing in arti...

CGI to merge with Daughtery

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Adobe (ADBE – Research Report) and CGI Group (GIB ...

Analysts' Opinions Are Mixed on These Technology Stocks: Adobe (ADBE) and CGI Group (GIB)

CGI (GIB) and SkyAlyne announced the signing of a 25-year agreement. This strategic partnership is set to build SkyAlyne's operational capabilities...

CGI, SkyAlyne announce 25-year agreement

CGI Group ( ($TSE:GIB.A) ) has shared an update. CGI Group's fiscal year 2024 results highlight the company's strategic focus on managing foreign c...

CGI Group Emphasizes Strategic Financial Measures Amidst Global Operations

In a report released today, Surinder Thind from Jefferies maintained a Buy rating on CGI Group (GIB – Research Report), with a price target of $140...

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