Genpact Limited (NYSE:G) Receives Consensus Recommendation of “Hold” from Analysts

Genpact Limited (NYSE:G) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.3333.

Several analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen upped their target price on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday. Finally, Needham & Company LLC decreased their target price on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in G. Qsemble Capital Management LP acquired a new stake in Genpact during the fourth quarter worth approximately $3,258,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Genpact by 30.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 145,336 shares of the business services provider’s stock valued at $6,810,000 after acquiring an additional 34,039 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Genpact during the 4th quarter valued at $23,777,000. LSV Asset Management grew its holdings in shares of Genpact by 15.1% during the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider’s stock worth $115,435,000 after purchasing an additional 324,345 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Genpact by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after purchasing an additional 107,870 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 0.8%

Shares of Genpact stock opened at $34.02 on Thursday. The business has a fifty day simple moving average of $31.22 and a two-hundred day simple moving average of $35.06. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.97 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 1.69.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The firm had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Research analysts forecast that Genpact will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.2%. Genpact’s payout ratio is 22.26%.

Genpact Company Profile

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.