Genpact (NYSE:G) Upgraded to Hold at Citigroup

Citigroup upgraded shares of Genpact (NYSE:G) to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on G. Needham & Company LLC lifted their price objective on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Mizuho boosted their target price on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.13.

Genpact Price Performance

NYSE:G opened at $39.79 on Thursday. Genpact has a 52 week low of $37.82 and a 52 week high of $56.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6.93 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The stock’s 50-day moving average price is $42.37 and its 200-day moving average price is $43.99.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.79 EPS. Genpact’s revenue was up 6.6% compared to the same quarter last year. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, equities analysts expect that Genpact will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact’s payout ratio is presently 22.59%.

Insider Activity at Genpact

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $42.58, for a total value of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares of the company’s stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Balkrishan Kalra sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the completion of the sale, the chief executive officer directly owned 295,246 shares in the company, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Genpact

A number of institutional investors and hedge funds have recently modified their holdings of G. GAMMA Investing LLC grew its stake in shares of Genpact by 88.0% during the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock worth $491,000 after purchasing an additional 4,561 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Genpact by 20.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock worth $486,000 after purchasing an additional 1,651 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Genpact by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider’s stock worth $522,000 after purchasing an additional 3,849 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Genpact during the first quarter worth $679,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Genpact during the first quarter worth $115,807,000. 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.