CGI Group Inc. (GIB) provides information technology (IT) and business process services.
It offers a range of IT and management consulting services, including business transformation, IT strategic planning, business process engineering, and systems architecture; and integrates and customizes technologies and software applications to create IT systems that respond to clients strategic needs. The company is also involved in the management of IT and business functions consisting of the development and integration of new projects and applications; applications maintenance and support; technology infrastructure management; and transaction and business processing, such as payroll, insurance processing, and document management services.
In addition, it provides business solutions, which include Momentum, an integrated enterprise resource planning suite; CGI Advantage, an enterprise resource planning solution for back office operations, including financial management, payroll, budgeting, human resources management, procurement, permitting, case management, and business intelligence; and credit services solutions comprising Collections360, Gateway360, CACS, CACS-G, ACAPS, Bureaulink, Strata, and other components to enhance their consumer and small business credit operations.
It primarily serves financial services, government, health, telecommunications and utilities, manufacturing, and retail and distribution markets.
Shares have formed a bullish "cup & handle" ahead of the company's earnings report on April, 29th. Higher share prices are expected for this stock.
52-Weeks Trading Range: $32.24 - $46.30
Entry Point: $45.50
Stop Loss: $43.20
Target Price: $50.05
GIB fell below stop loss. Closed at $41.80.