Genpact (NYSE:G) Reaches New 52-Week Low – Should You Sell?

Genpact Limited (NYSE:G)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $26.97 and last traded at $27.1160, with a volume of 91693 shares changing hands. The stock had previously closed at $27.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Susquehanna decreased their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Robert W. Baird cut their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Citigroup decreased their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Genpact has an average rating of “Hold” and a consensus target price of $43.29.

Genpact Stock Performance

The stock’s 50 day moving average price is $32.01 and its 200 day moving average price is $38.34. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.81 and a beta of 0.59.

Genpact (NYSE:G) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion for the quarter. Analysts expect that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.8%. Genpact’s payout ratio is 23.01%.

Institutional Investors Weigh In On Genpact

Several large investors have recently made changes to their positions in G. GAMMA Investing LLC lifted its position in Genpact by 2.6% during the fourth quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after acquiring an additional 241 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Genpact by 47.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Genpact by 2.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 271 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after purchasing an additional 272 shares during the period. Finally, Flynn Zito Capital Management LLC increased its stake in shares of Genpact by 4.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.