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GIB

CGI Group

$52.06

0.22 (0.42%)

05:34
09/15/17
09/15
05:34
09/15/17
05:34

CGI Group announces intent to purchase 4.85M shares held by la Caisse

CGI Group announced that it intends to enter into a private agreement with Caisse de depot et placement du Quebec, or la Caisse, for the repurchase for cancellation of 4,854,368 of its Class A subordinate voting shares held by la Caisse for a price of $61.80 per Class A Share, which represents a discount to today's closing price of the Class A Shares on the Toronto Stock Exchange. The transaction will be made in connection with the periodic portfolio rebalancing of la Caisse. Once completed, la Caisse will continue to hold approximately 46.2M Class A Shares, representing approximately 16% of CGI's total outstanding shares.

GIB CGI Group
$52.06

0.22 (0.42%)

11/10/16
SOCG
11/10/16
DOWNGRADE
SOCG
Hold
CGI Group downgraded to Hold from Buy at Societe Generale
Societe Generale downgraded CGI Group to Hold citing valuation.
11/16/16
11/16/16
NO CHANGE

CGI Group granted $63.9M contract renewal by Wyoming Auditor's Office
CGI renewed a contract with the Wyoming State Auditor's Office for hosting and maintenance of the state's financial and human resource/payroll systems. The contract extension, valued at $63.9M, includes a technology upgrade and continued utilization of CGI's Managed Advantage services, an enterprise resource planning system and support service used by the state since 2002. Under the revised agreement, system upgrade costs are spread over 12 years. CGI has managed Wyoming's financial management systems and human resources and payroll systems for more than two decades.
12/16/16
GSCO
12/16/16
DOWNGRADE
GSCO
Sell
CGI Group downgraded to Sell from Neutral at Goldman
Goldman analyst James Schneider downgraded CGI Group to Sell due to cyclical headwinds in IT spending, especially outsourcing, which will likely result in disappointing margin expansion.
04/28/17
04/28/17
NO CHANGE

CGI Group acquires two digital consulting firms
CGI acquired two U.S.-based high-end consulting firms specialized in helping clients address technology and transformation challenges with practical innovation. Birmingham, Alabama-based CTS and Denver, Colorado-based ECS Team bring strategic consulting, cloud, data analytics and digital transformation capabilities and more than 450 professionals to CGI.

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