Genpact (NYSE:G) Hits New 1-Year Low – Here’s Why

Genpact Limited (NYSE:G)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.53 and last traded at $33.8450, with a volume of 3383632 shares. The stock had previously closed at $33.95.

Analysts Set New Price Targets

A number of research firms have issued reports on G. Citigroup upgraded shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Needham & Company LLC reduced their target price on shares of Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Mizuho reduced their target price on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Susquehanna set a $42.00 target price on shares of Genpact in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.29.

Genpact Price Performance

The stock’s fifty day moving average price is $37.51 and its two-hundred day moving average price is $41.43. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.02 and a beta of 0.74. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46.

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

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.96%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 525,007 shares in the company, valued at approximately $21,404,535.39. This trade represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Genpact by 2.6% in the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock valued at $451,000 after buying an additional 241 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Genpact by 47.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after buying an additional 265 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Genpact by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after buying an additional 271 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Genpact by 2.4% in the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after buying an additional 272 shares during the last quarter. Finally, OneAscent Investment Solutions LLC grew its position in shares of Genpact by 3.7% in the 3rd quarter. OneAscent Investment Solutions LLC now owns 7,770 shares of the business services provider’s stock valued at $325,000 after buying an additional 280 shares during 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.