Genpact Limited (NYSE:G) Receives $42.33 Consensus Target Price from Brokerages

Genpact Limited (NYSE:G) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.33.

A number of analysts have recently issued reports on G shares. Robert W. Baird raised their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC raised their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen raised their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group raised their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its position in Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the period. Venturi Wealth Management LLC increased its position in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares during the last quarter. GAMMA Investing LLC raised its holdings in Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares during the period. Centaurus Financial Inc. bought a new stake in Genpact in the third quarter worth $159,000. Finally, M&T Bank Corp purchased a new position in Genpact during the third quarter worth $206,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 0.1 %

Genpact stock opened at $44.67 on Friday. Genpact has a one year low of $30.23 and a one year high of $47.98. The business’s fifty day moving average is $42.38 and its 200 day moving average is $37.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $7.88 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.37%. Genpact’s dividend payout ratio is currently 16.76%.

About Genpact

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.