Genpact Limited (NYSE:G) Receives Consensus Rating of “Hold” from Analysts

Shares of Genpact Limited (NYSE:G) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $38.78.

Several brokerages have issued reports on G. JPMorgan Chase & Co. raised their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group lifted their target price on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. TD Cowen upped their price target on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets raised their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Finally, Needham & Company LLC lifted their price objective on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Institutional Trading of Genpact

Several large investors have recently bought and sold shares of G. CWM LLC raised its position in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Genpact by 120.0% during the first 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 period. Parallel Advisors LLC grew its stake in Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after acquiring an additional 347 shares during the period. Versant Capital Management Inc raised its holdings in Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Genpact by 530.1% during the 4th quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,744 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Price Performance

G stock opened at $38.75 on Friday. The business has a 50 day moving average price of $37.25 and a 200 day moving average price of $34.06. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.63 and a beta of 1.13. Genpact has a fifty-two week low of $29.41 and a fifty-two week high of $39.95.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Equities research analysts anticipate that Genpact will post 2.85 earnings per share for the current fiscal year.

Genpact Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.1525 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a yield of 1.57%. Genpact’s dividend payout ratio (DPR) is presently 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.