Genpact (NYSE:G) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Genpact (NYSE:G) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, August 7th. Susquehanna raised their price objective on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Needham & Company LLC decreased their target price on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, TD Cowen increased their price target on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.33.

Genpact Price Performance

Shares of NYSE:G opened at $35.14 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.93 and a beta of 0.58. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $34.09 and a 200 day simple moving average of $34.29.

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

Genpact Announces Dividend

The business also recently disclosed 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. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

A number of institutional investors have recently modified their holdings of G. Sequoia Financial Advisors LLC lifted its stake in shares of Genpact by 57.8% in the second quarter. Sequoia Financial Advisors LLC now owns 17,806 shares of the business services provider’s stock worth $490,000 after buying an additional 6,520 shares during the last quarter. Tidal Investments LLC grew its stake in Genpact by 135.5% in the 2nd quarter. Tidal Investments LLC now owns 57,011 shares of the business services provider’s stock valued at $1,568,000 after buying an additional 32,805 shares during the last quarter. WINTON GROUP Ltd grew its stake in Genpact by 178.8% in the 2nd quarter. WINTON GROUP Ltd now owns 48,666 shares of the business services provider’s stock valued at $1,338,000 after buying an additional 31,213 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Genpact by 42.9% in the 2nd quarter. Engineers Gate Manager LP now owns 224,729 shares of the business services provider’s stock worth $6,180,000 after acquiring an additional 67,482 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Genpact by 3.5% in the 2nd quarter. Squarepoint Ops LLC now owns 447,669 shares of the business services provider’s stock worth $12,311,000 after acquiring an additional 15,062 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.