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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:10 EDTGIBCGI Group authorizes renewal of Normal Course Issuer Bid
CGI Group announced that its board has authorized the renewal of its Normal Course Issuer Bid, subject to acceptance by the Toronto Stock Exchange.
News For GIB From The Last 14 Days
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April 24, 2014
10:38 EDTGIBRAC award may be upcoming after GAO decision, says Wells Fargo
After HMS Holdings (HMSY) disclosed that the GAO has denied its protest of the terms in the request for quotes for the recompete of the Medicare Recovery Audit Contractors, or RAC, contract, Wells Fargo said the CMS may award contract recompetes in the near term. Wells, which notes that HMSY, Performant (PFMT) and CGI Group (GIB) each hold a prime role on one of the four RAC regions, believes the incumbents are well-positioned to retain their spots, though the firm also thinks some could drop out as PRGX Global (PRGX) has. Wells has Market Perform ratings on both Performant and CGI Group.
April 15, 2014
08:31 EDTGIBCGI Group extends pact with TD Bank for investment funds platform
CGI (GIB) announces an extension to an existing agreement with TD Bank (TD) that will allow CGI to continue processing TD's mutual fund transactions under a managed services model until as late as 2026.

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