Genpact Limited (NYSE:G) Given Average Rating of “Hold” by Analysts

Shares of Genpact Limited (NYSE:G) have earned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $50.38.

Several equities research analysts recently issued reports on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Mizuho increased their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC raised their price target on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st.

Genpact Trading Down 1.9 %

NYSE G opened at $46.69 on Thursday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. Genpact has a 12 month low of $30.38 and a 12 month high of $56.76. The company’s fifty day moving average price is $50.36 and its two-hundred day moving average price is $46.18.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. As a group, research analysts predict that Genpact will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Genpact in the third quarter worth about $232,000. Stifel Financial Corp bought a new stake in shares of Genpact in the 3rd quarter worth approximately $1,197,000. Orion Portfolio Solutions LLC bought a new stake in shares of Genpact in the 3rd quarter worth approximately $211,000. MML Investors Services LLC lifted its stake in Genpact by 31.4% during the third quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider’s stock valued at $473,000 after purchasing an additional 2,879 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in Genpact in the third quarter worth approximately $206,000. 96.03% of the stock is currently owned by 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.