Genpact Limited (NYSE:G) Receives $38.00 Consensus PT from Brokerages

Shares of Genpact Limited (NYSE:G) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $38.00.

G has been the subject of several recent research reports. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Citigroup reduced their target price on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets reduced their target price on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, May 10th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Genpact in a report on Friday, May 10th.

Insiders Place Their Bets

In other Genpact news, Director N. V. Tyagarajan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $33.17, for a total transaction of $33,170.00. Following the sale, the director now owns 7,300 shares of the company’s stock, valued at $242,141. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genpact

Institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC acquired a new position in shares of Genpact in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 471 shares during the period. GAMMA Investing LLC acquired a new position in shares of Genpact in the 4th quarter valued at $43,000. Covestor Ltd increased its holdings in shares of Genpact by 140.2% in the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 904 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock valued at $60,000 after buying an additional 989 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Trading Up 1.3 %

Shares of G stock opened at $32.06 on Friday. The company has a 50-day moving average of $32.35 and a two-hundred day moving average of $33.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.54 and a quick ratio of 1.54. Genpact has a 1-year low of $29.41 and a 1-year high of $39.58. The firm has a market cap of $5.77 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. Genpact had a net margin of 14.21% and a return on equity of 22.71%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, analysts predict that Genpact will post 2.7 EPS for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.153 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 dividend on an annualized basis and a yield of 1.91%. Genpact’s payout ratio is currently 17.43%.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.