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

Shares of Genpact Limited (NYSE:G) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.25.

G has been the topic of a number of analyst reports. Susquehanna decreased their price objective on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Genpact in a research note on Friday, May 8th. Robert W. Baird reduced their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Mizuho lowered their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th.

Genpact Stock Up 3.9%

Shares of Genpact stock opened at $31.23 on Friday. 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 has a 52-week low of $26.85 and a 52-week high of $48.64. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.85 and a beta of 0.61. The company’s 50 day moving average price is $30.57 and its 200-day moving average price is $36.66.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The company 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%. Equities research analysts forecast that Genpact will post 3.64 EPS for the current year.

Genpact Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.4%. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Qsemble Capital Management LP purchased a new stake in Genpact in the fourth quarter worth about $3,258,000. Mork Capital Management LLC purchased a new position in shares of Genpact during the 3rd quarter worth approximately $1,257,000. Northstar Advisory Group LLC purchased a new position in shares of Genpact during the 4th quarter worth approximately $1,548,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Genpact by 145.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,835 shares of the business services provider’s stock worth $4,271,000 after acquiring an additional 53,294 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in shares of Genpact by 157.9% in the 3rd quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock worth $78,091,000 after acquiring an additional 1,141,480 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other 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.