Analysts Set Genpact Limited (NYSE:G) Price Target at $47.29

Shares of Genpact Limited (NYSE:G) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $47.2857.

G has been the subject of several recent research reports. Susquehanna set a $42.00 target price on shares of Genpact in a report on Friday, February 6th. Citigroup upgraded shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC decreased their price objective on shares of Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Mizuho decreased their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th.

Genpact Price Performance

G stock opened at $34.36 on Monday. The firm has a 50 day moving average price of $37.51 and a 200-day moving average price of $41.43. Genpact has a 52-week low of $33.14 and a 52-week high of $50.41. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.02 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.66.

Genpact (NYSE:G) last released its earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.91 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Genpact will post 3.6 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, June 10th. Genpact’s payout ratio is presently 23.96%.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the completion of the transaction, the chief executive officer directly owned 525,007 shares in the company, valued at $21,404,535.39. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Genpact

Hedge funds have recently added to or reduced their stakes in the company. Osbon Capital Management LLC purchased a new stake in Genpact during the 4th quarter valued at $25,000. Private Trust Co. NA raised its stake in Genpact by 364.2% during the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after buying an additional 499 shares during the last quarter. Quent Capital LLC purchased a new stake in Genpact during the 3rd quarter valued at $27,000. Westside Investment Management Inc. raised its stake in Genpact by 193.5% during the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Genpact during the 3rd quarter valued at $29,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

About Genpact

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.