Genpact Limited (NYSE:G) Receives Average Rating of “Hold” from Brokerages

Shares of Genpact Limited (NYSE:G) have earned an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $39.44.

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. TD Cowen boosted their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. Robert W. Baird upped their price target on shares of Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Needham & Company LLC upped their target price on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th.

Genpact Stock Performance

Shares of Genpact stock opened at $38.37 on Thursday. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.63 and a beta of 1.13. Genpact has a twelve month low of $29.41 and a twelve month high of $39.95. The company’s fifty day moving average is $38.89 and its 200 day moving average is $34.86. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Sell-side analysts forecast that Genpact will post 2.85 EPS for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.59%. Genpact’s dividend payout ratio is 17.43%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lecap Asset Management Ltd. lifted its holdings in shares of Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after purchasing an additional 364 shares in the last quarter. Suncoast Equity Management lifted its stake in Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 375 shares in the last quarter. Sawyer & Company Inc boosted its holdings in Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock worth $1,421,000 after acquiring an additional 400 shares during the last quarter. Cloverfields Capital Group LP boosted its holdings in Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock worth $954,000 after acquiring an additional 416 shares during the last quarter. Finally, United Services Automobile Association grew its stake in shares of Genpact by 3.3% in the 2nd quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock worth $431,000 after acquiring an additional 433 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.