CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development and integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services. It serves clients operating in government, financial services, health, utility, communication, oil and gas, manufacturing, insurance, retail and consumer service, transportation, and post and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.
IPO Year:
Exchange: NYSE
Website: cgi.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/19/2024 | $112.00 | Neutral | UBS |
7/2/2024 | $120.00 | Buy | Jefferies |
6/21/2024 | Sector Outperform → Neutral | CIBC | |
5/2/2024 | Hold → Buy | TD Securities | |
11/14/2022 | Buy → Hold | Societe Generale | |
9/16/2022 | Sector Outperform | Scotiabank | |
1/10/2022 | Sell | Goldman Sachs | |
1/10/2022 | $85.44 | Sell | Goldman |
12/3/2021 | Buy | Stifel | |
9/14/2021 | $93.00 → $95.00 | Buy → Underperform | BofA Securities |
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroom FAIRFAX, Va., Sept. 13, 2024 /PRNewswire/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), has completed the previously announced acquisition of Aeyon, a leader in digital transformation and Artificial Intelligence (AI) technologies, including data management, analytics and intelligent automation for the U.S. Federal Government. The acquisition complements and expands CGI's offerings portfolio as well as relationships with critical U.S. national security clients, such as the Office of the Secretary of Defense, multiple branches and agencies of the U.S. military, the Federal Aviation
FAIRFAX, Va., Sept. 11, 2024 /PRNewswire/ -- CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced its selection by Forbes as one of America's Best Employers for Women, placing it alongside those U.S. companies achieving the highest scores by 150,000 women surveyed at companies with at least 1,000 employees for Forbes' annual ranking. "At CGI, we are committed to sharing our progress in growing the representation of women at all levels of the organization and in the technology sector overall," said Stephanie Mango, President, CGI Federal. "We will continue to champion the success of women in technology by amplifying
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Sept. 5, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting firms, has been named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024 for property and casualty (P&C) insurance. CGI was recognized for expanding Guidewire Services into growing markets, building local and offshore delivery capabilities, and adopting geo-specific strategies in line with the company's client proximity model. "Credible success proof points of delivering on-time Guidewire implementations, via enhanced localized delivery capabilities, have bolstered CGI's market positioning in
Stock Market Symbols GIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Sept. 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that it has priced an offering of Canadian dollar denominated senior unsecured notes in two series. CGI will issue C$750 million in aggregate principal amount of senior unsecured notes, consisting of C$300 million aggregate principal amount of 3-year notes and C$450 million aggregate principal amount of 5-year notes. The 3-year notes will bear interest at the rate of 3.987% per annum and 5-year notes will bear interest at the rate of 4.147% per annum. The offering is expected to close on or about September 5, 2024, subject to customary closing conditions
FAIRFAX, Va., Aug. 28, 2024 /PRNewswire/ -- CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), today announced two contract awards from the U.S. Patent and Trademark Office (USPTO). Under these contracts, which have a combined total potential value of US$119 million, CGI will deliver operational, maintenance and security solutions and expertise in support of the global innovation community operated by USPTO. Under one of the awarded contracts, a 5-year Blanket Purchase Agreement (BPA) worth up to US$84 million, CGI will provide secure financial management services to USPTO to drive operational efficiency and support revenue collection throug
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom NEW YORK, Aug. 13, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced its selection by the City of New York for maintenance of the STARS parking violation system, which runs on CGI Advantage Collections platform. CGI will partner with the city'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 C$1.3 billion in public revenue each year. Developed by
Update also features enhancements for further improved productivity, compliance and security FAIRFAX, Va., Aug. 8, 2024 /PRNewswire/ -- CGI Federal Inc.(CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), announced today the release of Momentum 8.2, the latest version of its industry-leading budget, financial and acquisition management software. Purpose-built for federal agencies, the solution's latest update reinforces CGI's commitment to innovation and continuous delivery of productivity, compliance and security features with no disruption of service to federal clients. Enhanced features found in Momentum 8.2 include AI-driven automation that streamlines wor
Stock Market Symbols GIB (NYSE) GIB.A (TSX) www.cgi.com/newsroom FAIRFAX, Va., Aug. 6, 2024 /PRNewswire/ - CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), today announced a 2-year, US$378M extension of its contract with the U.S. Department of State (DoS) for end-to-end passport application processing services supporting the Bureau of Consular Affairs. 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's ongoing enhancements assist the Bureau in optimizing the experience and reducing the
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Aug. 5, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting firms, has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment*. CGI's key strengths in cloud are in its ability to partner with clients to co-create, deliver and manage innovative cloud-based digital business solutions at pace and scale. "CGI has tightly bound its cloud professional and managed services businesses over the past few years to enable clients to more successfully transform into digital businesses," said Gard Little, Research Vice President at IDC
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Updates use of cash strategy to include dividend program Q3-F2024 performance highlights Revenue of $3.67 billion, up 1.3% year-over-year or 0.2% year-over-year in constant currency1;Earnings before income taxes of $594.0 million, up 6.3% year-over-year, for a margin1 of 16.2%;Adjusted EBIT1 of $602.8 million, up 3.1% year-over-year, for a margin1 of 16.4%;Net earnings of $440.1 million, up 6.1% year-over-year, for a margin1 of 12.0%;Net earnings excluding specific items1,2 of $440.2 million, up 3.4% year-over-year, for a margin1 of 12.0%;Diluted EPS of $1.91, up 9.1% year-over-year;Diluted EPS excluding specific items1,2 of $1.91, up
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UBS analyst Kevin Mcveigh initiates coverage on CGI (NYSE:GIB) with a Neutral rating and announces Price Target of $112.
Under the agreement, CGI acquires the managed services business with more than 90 credit unions and creates new partnerships with Credit Union Central of Manitoba (CUCM), Alberta Central and SaskCentral. The business will be seamlessly integrated into CGI's existing operations, ensuring continuity and quality of service for all clients. As part of the agreement, more than 150 Celero employees will join CGI, benefitting from the company's ownership-based culture which will ensure smooth onboarding as well as future professional development opportunities.
Jefferies analyst Surinder Thind initiates coverage on CGI (NYSE:GIB) with a Buy rating and announces Price Target of $120.
CGI (TSX:GIB) (NYSE:GIB), one of the largest IT and business consulting services firms in the world, announces the renewal of its partnership with ExxonMobil for payment and loyalty services across Europe and the Asia Pacific region. CGI will further enhance customization options for ExxonMobil and its customers through its fuel leading card payment solution, CGI PayPartner360. This includes delivering essential payment infrastructure services to over 13,000 fuel retail sites and providing its loyalty solution to engage over 10 million active users.
CIBC analyst Stephanie Price downgrades CGI INC (TSX:GIB) from Outperformer to Neutral and lowers the price target from C$165 to C$151.
CGI intends to enter into a private agreement with CDPQ for the purchase for cancellation of 2,887,878 of its Class A subordinate voting shares ("Class A Shares") held by CDPQ for a price of $138.51 per Class A Share, which represents a discount to the closing price on May 27, 2024 of the Class A Shares on the Toronto Stock Exchange ("TSX"). The transaction will be made in connection with the periodic portfolio rebalancing of CDPQ. Once completed, CDPQ will continue to hold approximately 16.29 million Class A Shares, representing approximately 7.15% of CGI's total outstanding shares.
George D. Schindler to retire and remain a member of the Board, effective October 1, 2024
CIBC analyst Stephanie Price maintains CGI (NYSE:GIB) with a Outperformer and lowers the price target from C$169 to C$165.
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Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroom FAIRFAX, Va., Sept. 13, 2024 /PRNewswire/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE:GIB) (TSX:GIB), has completed the previously announced acquisition of Aeyon, a leader in digital transformation and Artificial Intelligence (AI) technologies, including data management, analytics and intelligent automation for the U.S. Federal Government. The acquisition complements and expands CGI's offerings portfolio as well as relationships with critical U.S. national security clients, such as the Office of the Secretary of Defense, multiple branches and agencies of the U.S. military, the Federal Aviation
Stock Market Symbols GIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Sept. 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that it has priced an offering of Canadian dollar denominated senior unsecured notes in two series. CGI will issue C$750 million in aggregate principal amount of senior unsecured notes, consisting of C$300 million aggregate principal amount of 3-year notes and C$450 million aggregate principal amount of 5-year notes. The 3-year notes will bear interest at the rate of 3.987% per annum and 5-year notes will bear interest at the rate of 4.147% per annum. The offering is expected to close on or about September 5, 2024, subject to customary closing conditions
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Updates use of cash strategy to include dividend program Q3-F2024 performance highlights Revenue of $3.67 billion, up 1.3% year-over-year or 0.2% year-over-year in constant currency1;Earnings before income taxes of $594.0 million, up 6.3% year-over-year, for a margin1 of 16.2%;Adjusted EBIT1 of $602.8 million, up 3.1% year-over-year, for a margin1 of 16.4%;Net earnings of $440.1 million, up 6.1% year-over-year, for a margin1 of 12.0%;Net earnings excluding specific items1,2 of $440.2 million, up 3.4% year-over-year, for a margin1 of 12.0%;Diluted EPS of $1.91, up 9.1% year-over-year;Diluted EPS excluding specific items1,2 of $1.91, up
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, July 24, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will release results for its third quarter fiscal year 2024, ended June 30, 2024, on Wednesday, July 31, 2024 before the markets open. Management will host a conference call to discuss results and answer questions at 9:00 a.m. (EDT). Who: George D. Schindler, President and Chief Executive Officer Steve Perron, Executive Vice-President and Chief Financial Officer What: Third Quarter Fiscal Year 2024 Results When: Wednesday, July 31, 2024 at 9:00 a.m. (EDT) Conference Call: 1- 888-396-8049 Conference ID: 568
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Acquisition expands CGI's managed service offerings to more than 90 credit unions nationwide MONTRÉAL, July 4, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) today announced the acquisition of Celero's credit union business serving clients across Canada, consisting of master services agreements that span managed services, core banking, digital banking and related IT services. The strategic acquisition complements and expands CGI's core banking service offerings and digital banking solutions to the Canadian credit union sector. Under the agreement, CGI acquires the managed services business with more than 90 credit unions and creates ne
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Continuing to deliver shareholder value with strong net earnings and cash generation Q2-F2024 performance highlights Revenue of $3.74 billion, up 0.7% year-over-year and stable year-over-year in constant currency1;Earnings before income taxes of $577.4 million, up 2.3% year-over-year, for a margin1 of 15.4%;Adjusted EBIT1 of $628.5 million, up 4.6% year-over-year, for a margin1 of 16.8%;Net earnings of $426.9 million, up 1.8% year-over-year, for a margin1 of 11.4%;Net earnings excluding specific items1,2 of $459.4 million, up 5.6% year-over-year, for a margin1 of 12.3%;Diluted EPS of $1.83, up 4.0% year-over-year;Diluted EPS excluding
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, April 24, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will release results for its second quarter fiscal year 2024, ended March 31, 2024, on Wednesday, May 1, 2024 before the markets open. Management will host a conference call to discuss results and answer questions at 9:00 a.m. (EDT). Who: George D. Schindler, President and Chief Executive Officer Steve Perron, Executive Vice-President and Chief Financial Officer What: Second Quarter Fiscal Year 2024 Results When: Wednesday, May 1, 2024 at 9:00 a.m. (EDT) Conference Call: 1- 800-717-1738 Conference ID: 437
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom Revenue up 4.4% and book-to-bill ratio1 of 116.2% Q1-F2024 performance highlights Revenue of $3.60 billion, up 4.4% year-over-year or 1.5% year-over-year in constant currency1;Earnings before income taxes of $527.1 million, up 2.0% year-over-year, for a margin1 of 14.6%;Adjusted EBIT1 of $584.2 million, up 5.4% year-over-year, for a margin1 of 16.2%;Net earnings of $389.8 million, up 1.9% year-over-year, for a margin1 of 10.8%;Net earnings excluding specific items1,2 of $427.2 million, up 7.3% year-over-year, for a margin1 of 11.9%;Diluted EPS of $1.67, up 4.4% year-over-year;Diluted EPS excluding specific items1,2 of $1.83, up 10.2%
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 24, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its fiscal 2024 first quarter results on Wednesday, January 31, 2024. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/syt2f8 (Password: CGI2023). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set forth in CGI's Management Proxy Circular, through a web-based platform, regardless of their geographic location. Only CGI shareholders of record at the close of business on Monday, December 4,
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 24, 2024 /CNW/ - CGI (TSX:GIB) (NYSE:GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its fiscal 2024 first quarter results on Wednesday, January 31, 2024. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/syt2f8 (Password: CGI2023). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set forth in CGI's Management Proxy Circular, through a web-based platform, regardless of their geographic location. Only CGI shareholders of record at the close of business on Monday, December 4, 2023, a
UBS initiated coverage of CGI Group with a rating of Neutral and set a new price target of $112.00
Jefferies initiated coverage of CGI Group with a rating of Buy and set a new price target of $120.00
CIBC downgraded CGI Group from Sector Outperform to Neutral
TD Securities upgraded CGI Group from Hold to Buy
Societe Generale downgraded CGI Group from Buy to Hold
Scotiabank resumed coverage of CGI Group with a rating of Sector Outperform
Goldman Sachs initiated coverage of CGI with a rating of Sell
Goldman initiated coverage of CGI Group with a rating of Sell and set a new price target of $85.44
Stifel resumed coverage of CGI Group with a rating of Buy
BofA Securities downgraded CGI Group from Buy to Underperform and set a new price target of $95.00 from $93.00 previously
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom PARIS, July 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting services firms, is partnering with Risk Management Partners, a unit of Munich Re, the world's leading reinsurer, to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This partnership will combine Munich Re's Location Risk Intelligence Platform with CGI's climate risk mitigation offerings to help insurers minimize the impact of climate change on their business models and profitability. Faced with increasing claims, insurers must deal with climate-related risks and ch
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroom George D. Schindler to retire and remain a member of the Board, effective October 1, 2024 MONTRÉAL, May 22, 2024 /PRNewswire/ - The CGI (NYSE:GIB) (TSX:GIB) Board of Directors announced the appointment of François Boulanger as President and Chief Executive Officer and a member of the Board of Directors, effective October 1, 2024. Mr. Boulanger is currently President and Chief Operating Officer for CGI's operations in Canada, U.S. Commercial and State Government, Asia Pacific Global Delivery Centers of Excellence, and Global IP Solutions. George D. Schindler, currently President and Chief Executive Officer, will retire effective Septem
Gaithersburg, MD, May 24, 2021 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTC:XDSL) ("mPhase" or the "Company"), a technology company specializing in EV charging and consumer engagement, announced that it has appointed industry veteran Venkat Kodumudi as Chief Operating Officer. Mr. Kodumudi brings over 29 years of experience in information technology senior management that includes a 14-year career as software developer and architect. Previously, he had been involved in over 5 companies and a Federal Government Agency, in the information technology industry holding positions including chief technology officer, health product practice lead, director, and deputy director for IT operatio
FAIRFAX, Va., March 22, 2021 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) announced the appointment of Stephanie Mango to President of CGI Federal with transition activities effective immediately. In this role, she will lead CGI Federal's 7,000 professionals, partnering with more than 85 government agencies to provide solutions for defense, civilian, healthcare and intelligence missions. "I am honored to take the helm of such a remarkable organization that provides mission-critical services to help agencies enhance citizen engagement, accelerate digital transformation, protect America's assets, modernize operations and empower the Federal workforce of the future," stated Mango. "I've seen