Genpact Limited (NYSE:G) Receives $43.29 Consensus Price Target from Brokerages

Genpact Limited (NYSE:G) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $43.2857.

A number of analysts recently weighed in on G shares. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Mizuho reduced their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Citigroup reduced their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Genpact in a research report on Friday, May 8th.

Institutional Investors Weigh In On Genpact

Several hedge funds have recently made changes to their positions in G. Osbon Capital Management LLC purchased a new stake in Genpact in the 4th quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in Genpact in the 4th quarter worth approximately $30,000. iSAM Funds UK Ltd purchased a new stake in Genpact in the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. purchased a new stake in Genpact in the 3rd quarter worth approximately $29,000. Finally, Larson Financial Group LLC lifted its position in Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 0.5%

Shares of NYSE:G opened at $28.11 on Tuesday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.80 and a beta of 0.58. Genpact has a 1-year low of $27.36 and a 1-year high of $48.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The company has a 50 day moving average price of $32.75 and a 200 day moving average price of $38.97.

Genpact (NYSE:G) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, research analysts anticipate that Genpact will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, June 10th. Genpact’s dividend payout ratio is 23.01%.

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.