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

Shares of Genpact Limited (NYSE:G) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.78.

Several research analysts have recently weighed in on the stock. Mizuho assumed coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Citigroup lowered their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Finally, StockNews.com cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th.

Institutional Trading of Genpact

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new position in shares of Genpact in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after buying an additional 471 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Genpact in the 4th quarter worth about $43,000. Covestor Ltd raised its position in shares of Genpact by 140.2% during the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after buying an additional 904 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 989 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Down 0.4 %

G stock opened at $32.38 on Thursday. The business’s 50-day moving average is $32.38 and its two-hundred day moving average is $33.85. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 1.47 and a beta of 1.07. Genpact has a fifty-two week low of $29.41 and a fifty-two week high of $40.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Genpact had a net margin of 14.10% and a return on equity of 23.19%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. As a group, analysts forecast that Genpact will post 2.7 earnings per share for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, June 10th. Genpact’s dividend payout ratio (DPR) is currently 17.78%.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.