Genpact Limited (NYSE:G) Receives $40.25 Average Price Target from Brokerages

Shares of Genpact Limited (NYSE:G) have received an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $40.25.

Several analysts have commented on the stock. Mizuho decreased their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Robert W. Baird reduced their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. Finally, Susquehanna dropped their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th.

Genpact Trading Down 1.1%

Genpact stock opened at $30.87 on Friday. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The firm’s 50 day moving average price is $30.54 and its 200-day moving average price is $36.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $5.23 billion, a P/E ratio of 9.47, a PEG ratio of 0.87 and a beta of 0.61.

Genpact (NYSE:G) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, equities analysts predict that Genpact will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio is 23.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of G. Osbon Capital Management LLC bought a new stake in Genpact in the fourth quarter worth $25,000. V Square Quantitative Management LLC bought a new position in Genpact during the fourth quarter valued at $30,000. iSAM Funds UK Ltd purchased a new position in shares of Genpact in the 3rd quarter worth $29,000. Johnson Financial Group Inc. purchased a new position in shares of Genpact in the 3rd quarter worth $29,000. Finally, Larson Financial Group LLC increased its holdings in shares of Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.