Genpact Limited (NYSE:G) Receives Average Recommendation of “Hold” from Analysts

Shares of Genpact Limited (NYSE:G) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $42.33.

G has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. 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 research report on Friday, November 8th. TD Cowen upped their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group upped their target price on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 23,058 shares of company stock valued at $1,044,715. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

Several large investors have recently bought and sold shares of G. Franklin Resources Inc. lifted its stake in Genpact by 6.5% in the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after purchasing an additional 252,674 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after buying an additional 413,646 shares during the period. Dimensional Fund Advisors LP grew its stake in Genpact by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after buying an additional 2,060,595 shares during the last quarter. Finally, Vulcan Value Partners LLC increased its position in shares of Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after purchasing an additional 284,842 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 0.3 %

Shares of NYSE:G opened at $43.64 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $7.70 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. Genpact has a 52-week low of $30.23 and a 52-week high of $47.98. The company has a fifty day moving average of $43.70 and a 200-day moving average of $39.02.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.1525 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.40%. Genpact’s payout ratio is presently 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.