CGI continues to win contracts

Article Excerpt

CGI INC. $90 is our #1 Aggressive buy for 2020. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 269.3 million; Market cap: $24.2 billion; Price-to-sales ratio: 1.9; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) helps its clients automate routine functions such as accounting and buying supplies. That improves their efficiency and lets them focus on their main businesses. The Government National Mortgage Association (Ginnie Mae), which is part of the U.S. Department of Housing and Urban Development, has selected CGI to help it manage its digital documents. That will help make its easier for users to search Ginnie Mae’s data, and better control who can access that information. The company has yet to reveal the value of this deal, which could last five years. CGI is a buy. buy…