Brokerages Set Genpact Limited (NYSE:G) Target Price at $40.25

Genpact Limited (NYSE:G) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $39.3333.

A number of brokerages have issued reports on G. TD Cowen raised their target price on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Susquehanna boosted their price target on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Needham & Company LLC cut their price objective on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, August 7th.

Genpact Trading Down 0.0%

Shares of NYSE:G opened at $33.95 on Thursday. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 1.69. The business’s 50 day moving average price is $31.27 and its 200-day moving average price is $34.89.

Genpact (NYSE:G) last posted its quarterly earnings results 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 business had revenue of $1.34 billion during the quarter. On average, equities research analysts forecast that Genpact will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.2%. Genpact’s dividend payout ratio (DPR) is 22.26%.

Hedge Funds Weigh In On Genpact

A number of hedge funds have recently modified their holdings of G. Globeflex Capital L P purchased a new stake in Genpact in the 2nd quarter valued at about $3,627,000. CX Institutional raised its stake in shares of Genpact by 23.3% in the 2nd quarter. CX Institutional now owns 178,114 shares of the business services provider’s stock valued at $4,898,000 after acquiring an additional 33,613 shares during the period. Basecamp Wealth Advisors LLC raised its stake in shares of Genpact by 54.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 370 shares during the period. Pacer Advisors Inc. raised its stake in shares of Genpact by 40.7% in the 1st quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock valued at $28,504,000 after acquiring an additional 221,536 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Genpact by 12.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,369 shares of the business services provider’s stock worth $535,000 after acquiring an additional 1,622 shares during the last quarter. 96.03% of the stock is currently 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.