Genpact (NYSE:G) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Genpact (NYSE:G) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also commented on the stock. Robert W. Baird cut their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Citigroup increased their price objective on shares of Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. TD Cowen boosted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a $40.00 price target on shares of Genpact in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.33.

Genpact Stock Performance

NYSE G opened at $36.44 on Friday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.93 and a beta of 0.58. Genpact has a twelve month low of $26.85 and a twelve month 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 stock has a 50-day moving average of $34.24 and a 200 day moving average of $34.26.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The company had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Sell-side analysts anticipate that Genpact will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed 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. This represents a $0.75 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio is currently 22.26%.

Insiders Place Their Bets

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares of the company’s stock, valued at $2,601,468.59. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Genpact

Hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC boosted its stake in Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after buying an additional 272 shares during the last quarter. Flynn Zito Capital Management LLC increased its stake in shares of Genpact by 4.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after acquiring an additional 288 shares during the last quarter. OneAscent Family Office LLC raised its holdings in shares of Genpact by 5.0% during the 4th quarter. OneAscent Family Office LLC now owns 5,991 shares of the business services provider’s stock worth $280,000 after acquiring an additional 288 shares during the period. Fifth Third Bancorp raised its holdings in shares of Genpact by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 3,691 shares of the business services provider’s stock worth $137,000 after acquiring an additional 300 shares during the period. Finally, Triad Wealth Partners LLC boosted its position in shares of Genpact by 3.6% during the 1st quarter. Triad Wealth Partners LLC now owns 8,655 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 301 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.