CGI Board Approves Renewal of Normal Course Issuer Bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy GIB?
Source: Newsfilter
- Bid Renewal: CGI's Board has authorized the renewal of its Normal Course Issuer Bid, allowing for the repurchase of up to 18,975,360 Class A shares, aimed at enhancing shareholder value upon TSX approval.
- Market Float: As of January 23, 2026, CGI had 190,635,136 Class A shares outstanding, with approximately 99.54% widely held, indicating strong market acceptance and liquidity.
- Repurchase Details: The new buyback plan is set to commence on February 6, 2026, permitting purchases at market prices, which is expected to positively impact shareholder returns and market perception.
- Historical Performance: Under the current NCIB, CGI has repurchased 12,945,271 Class A shares for a total of $1.72 billion, reflecting a proactive approach to capital management and shareholder engagement.
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Analyst Views on GIB
Wall Street analysts forecast GIB stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 73.100
Low
81.00
Averages
129.22
High
270.00
Current: 73.100
Low
81.00
Averages
129.22
High
270.00
About GIB
CGI Inc. is a Canada-based independent information technology (IT) and business consulting services company. It delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. Its segments include Western and Southern Europe (France, Portugal and Spain); United States (U.S.) Commercial and State Government; U.S. Federal; Canada; Scandinavia, Northwest and Central-East Europe (primarily Sweden, Netherlands, Norway, Denmark and Czech Republic); United Kingdom (U.K.) and Australia; Germany; Finland, Poland and Baltics; and Asia Pacific Global Delivery Centers of Excellence (mainly India and Philippines) (Asia Pacific). It works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. It also has a presence in other European countries and Morocco.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Successful Project Delivery: CGI completed the cloud migration and upgrade of Suffolk County's financial management system on time and within budget, marking a significant milestone in the county's digital modernization journey, enhancing fiscal transparency and operational efficiency.
- Platform Upgrade Outcomes: The upgrade to the CGI Advantage® platform enables faster financial processing, improved data accuracy, and a more resilient system, thereby safeguarding public funds and enhancing cybersecurity.
- Employee Training Initiative: In partnership with Suffolk County Community College, CGI implemented a large-scale training initiative, equipping hundreds of county employees with the skills needed to effectively operate the upgraded system, ensuring a seamless transition.
- Foundation for Future Development: The successful cloud migration provides Suffolk County with a unified, real-time view of its finances, strengthening fiscal accountability and public trust, while laying the groundwork for future phases of modernization.
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- AI Integration in Collections: CGI's new AI capabilities launched within its cloud-native CGI Credit Studio platform aim to enhance recovery performance and operational efficiency for collections organizations by embedding AI directly into daily workflows, allowing agents to focus on meaningful customer interactions rather than manual tasks, thereby boosting productivity and customer retention.
- Enhanced Compliance and Transparency: The new AI features support a human-in-the-loop (HITL) approach, ensuring audit-ready documentation and transparency, which helps organizations confidently scale AI adoption in highly regulated environments while minimizing operational risks.
- Significant Business Impact: CGI's AI capabilities not only increase consistency and efficiency across collections operations but also drive stronger recoveries through improved documentation quality and execution efficiency, directly impacting clients' financial health and satisfaction.
- Strengthening Industry Leadership: With 94,000 professionals and a global delivery network, CGI is committed to transforming AI from experimentation to measurable business value, further solidifying its leadership position in complex industries such as financial services, government, and manufacturing.
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- Efficiency Boost: CGI's integration of AI capabilities within its cloud-native Credit Studio platform is expected to reduce after-call work by 30%, allowing collections agents to focus more on customer interactions, thereby enhancing overall operational efficiency and customer retention.
- Significant Productivity Gains: The 'Ask Cleo' AI knowledge assistant enables collectors to ask questions in natural language and instantly access account information, which is projected to improve agent productivity by 20%, further enhancing the performance of the collections team.
- Real-Time Support Features: The upcoming Agent Assist capability will provide real-time prompts and guided next steps, with expected outcomes including a 20% increase in promise-to-pay conversion rates and a 20% reduction in agent attrition, thereby strengthening team stability and efficiency.
- Compliance and Transparency: CGI's AI capabilities align with clients' governance, risk, and compliance frameworks, ensuring that all AI-driven insights and recommendations are delivered within the platform, supporting audit-ready documentation and enhancing transparency to help organizations confidently scale AI adoption.
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- Digital Banking Upgrade: CGI has signed a 10-year agreement with Caisse Alliance to modernize its member digital banking platform through the deployment of ebankIT's nXP solution, which is expected to significantly enhance the service capabilities of Caisse Alliance's Allia digital banking platform.
- Collaborative Integration Advantage: CGI and ebankIT will work together on the integration and configuration of the nXP platform, leveraging industry expertise and proven product capabilities to ensure a secure, scalable, and resilient digital banking solution that meets evolving market demands.
- Enhanced Digital Services: This partnership will not only improve the quality of digital services offered by Caisse Alliance but also enhance customer experience through technological innovation, positioning them more favorably in the competitive fintech landscape.
- Long-Term Strategic Investment: CGI's initiative reflects its long-term commitment to the fintech sector, aiming to drive growth and development for Caisse Alliance in the digital banking business through ongoing technological investments.
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- Certification Recognition: CGI's Strata Enterprise solution has been awarded the Arum Approved System certification by Arum Global, indicating its exceptional performance in complex collections and debt recovery decision-making, thereby enhancing client confidence and decision transparency.
- Enhanced Decision-Making: The solution, delivered through the CGI Credit Studio platform, enables clients to accelerate collections and recoveries while optimizing credit decisions, leveraging predictive intelligence to improve operational efficiency and gain a competitive edge in the market.
- Technological Advantages: Arum Global's review highlighted Strata Enterprise's significant strengths in high-speed decision-making, scalability in cloud environments, and robust integration options, further solidifying its competitive position in the industry.
- Market Position Strengthening: As one of the largest independent IT and business consulting firms globally, CGI continues to drive digital transformation with the support of 94,000 professionals, reporting a Fiscal 2025 revenue of CA$15.91 billion, showcasing strong market performance.
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- Certification Recognition: CGI's Strata Enterprise solution has been awarded the Arum Approved System certification following an independent review, indicating its excellence in complex collections and debt recovery decision-making, thereby enhancing client confidence and decision transparency.
- Enhanced Decision-Making: The solution, delivered through the CGI Credit Studio platform, enables clients to accelerate collections and recoveries while optimizing credit decisions, leveraging predictive intelligence seamlessly across multiple channels to improve operational efficiency.
- Flexible Deployment: Strata Enterprise supports various deployment options from mainframe to cloud, allowing organizations to modernize their systems without forced migrations, thus enhancing technical adaptability and business flexibility.
- Business Strategy Design: The system empowers non-technical users to create and manage decision strategies, combined with technical extensibility, ensuring that businesses remain competitive in rapidly changing markets.
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