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

Genpact Limited (NYSE:G) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Seven 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 brokerages that have covered the stock in the last year is $39.3333.

G has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Citigroup raised their price target on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Mizuho decreased their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Needham & Company LLC cut their target price on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th.

Genpact Stock Performance

Shares of NYSE:G opened at $37.26 on Monday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact has a 1-year low of $26.85 and a 1-year high of $48.64. The stock has a market capitalization of $6.26 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.99 and a beta of 0.58. The business has a 50-day moving average price of $33.39 and a two-hundred day moving average price of $34.38.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The company had revenue of $1.34 billion for the quarter. Equities analysts predict that Genpact will post 3.66 earnings per share for the current year.

Genpact Announces Dividend

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 given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is currently 22.26%.

Insiders Place Their Bets

In related news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Genpact

Hedge funds have recently bought and sold shares of the company. Qsemble Capital Management LP bought a new position in Genpact in the fourth quarter valued at $3,258,000. LSV Asset Management lifted its position in 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 buying an additional 324,345 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in Genpact during the 4th quarter worth about $23,777,000. UBS Group AG boosted its stake in shares of Genpact by 1.8% during the 4th quarter. UBS Group AG now owns 1,025,499 shares of the business services provider’s stock worth $47,973,000 after buying an additional 18,141 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 buying an additional 107,870 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.