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 mid-day trading on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

G has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. Susquehanna lowered their target price on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Mizuho cut their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Genpact has a consensus rating of “Hold” and an average target price of $43.29.

Genpact Stock Performance

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

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. On average, research analysts anticipate 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. Investors of record on Wednesday, June 10th were given a dividend of $0.1875 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.75 annualized dividend and a yield of 2.8%. Genpact’s dividend payout ratio is 23.01%.

Hedge Funds Weigh In On Genpact

A number of hedge funds and other institutional investors have recently bought and sold shares of G. Qsemble Capital Management LP acquired a new position in shares of Genpact in the 4th quarter valued at $3,258,000. Dimensional Fund Advisors LP lifted its holdings in Genpact by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after acquiring an additional 319,861 shares in the last quarter. Causeway Capital Management LLC grew its stake in Genpact by 31.3% in the third quarter. Causeway Capital Management LLC now owns 1,878,432 shares of the business services provider’s stock valued at $78,687,000 after acquiring an additional 447,261 shares during the period. Bank of Montreal Can increased its holdings in shares of Genpact by 3.9% in the third quarter. Bank of Montreal Can now owns 1,465,815 shares of the business services provider’s stock worth $61,403,000 after acquiring an additional 55,081 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its position in shares of Genpact by 44.2% during the third quarter. Kennedy Capital Management LLC now owns 501,024 shares of the business services provider’s stock worth $20,988,000 after purchasing an additional 153,671 shares during the period. 96.03% of the stock is owned by institutional investors.

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.