Genpact (NYSE:G) Price Target Lowered to $33.00 at Citigroup

Genpact (NYSE:G) had its price target cut by Citigroup from $36.00 to $33.00 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on the company. StockNews.com lowered Genpact from a strong-buy rating to a buy rating in a research report on Friday, April 5th. Needham & Company LLC reissued a buy rating and issued a $40.00 price target on shares of Genpact in a research report on Friday, February 9th. Mizuho began coverage on Genpact in a research report on Tuesday, January 30th. They issued a neutral rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Genpact from $42.00 to $43.00 and gave the stock an underweight rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $39.78.

Genpact Price Performance

G opened at $31.55 on Monday. The business has a fifty day moving average of $33.42 and a 200 day moving average of $34.23. Genpact has a 52-week low of $29.41 and a 52-week high of $44.83. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5.69 billion, a P/E ratio of 9.20, a PEG ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. As a group, sell-side analysts anticipate that Genpact will post 2.69 EPS for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 1.94%. This is an increase from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 8th. Genpact’s payout ratio is 17.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in G. Cornercap Investment Counsel Inc. purchased a new stake in Genpact during the 4th quarter valued at about $1,122,000. Old Well Partners LLC grew its stake in Genpact by 10.8% during the 3rd quarter. Old Well Partners LLC now owns 135,731 shares of the business services provider’s stock valued at $4,913,000 after purchasing an additional 13,200 shares during the last quarter. Greenhaven Associates Inc. purchased a new stake in Genpact during the 4th quarter valued at about $10,510,000. Earnest Partners LLC grew its stake in Genpact by 128,860.6% during the 3rd quarter. Earnest Partners LLC now owns 42,557 shares of the business services provider’s stock valued at $1,541,000 after purchasing an additional 42,524 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Genpact during the 4th quarter valued at about $1,651,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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.