Genpact Limited (NYSE:G) Stock Has Consensus Target Price of $39.33 According to Brokerages

Shares of Genpact Limited (NYSE:G) have received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.67.

A number of brokerages have recently weighed in on G. TD Cowen upped their target price on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Robert W. Baird lowered their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Finally, Susquehanna upped their price objective on shares of Genpact from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd.

Insider Activity at Genpact

In other news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president directly owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Genpact

A number of hedge funds have recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. acquired a new stake in Genpact in the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in Genpact in the third quarter worth approximately $30,000. WPG Advisers LLC increased its stake in shares of Genpact by 74.6% during the 1st quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock worth $39,000 after purchasing an additional 443 shares during the last quarter. Basecamp Wealth Advisors LLC increased its stake in shares of Genpact by 54.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in shares of Genpact by 57.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of G stock opened at $40.52 on Tuesday. 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 company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.09 and a beta of 0.57. The stock’s fifty day simple moving average is $35.86 and its 200-day simple moving average is $35.83.

Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (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 during the quarter. On average, sell-side analysts predict that Genpact will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, December 10th. Genpact’s payout ratio is currently 22.26%.

About Genpact

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.