Genpact Limited (NYSE:G) Given Average Recommendation of “Hold” by Brokerages

Genpact Limited (NYSE:G) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $43.2857.

Several equities analysts have weighed in on G shares. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Robert W. Baird dropped their price objective on Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Genpact in a report on Friday, May 8th. Mizuho dropped their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Citigroup cut their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in G. AQR Capital Management LLC raised its holdings in shares of Genpact by 90.9% during the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after buying an additional 3,131,643 shares in the last quarter. FIL Ltd raised its holdings in shares of Genpact by 114.4% during the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after buying an additional 2,562,484 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of Genpact by 157.9% during 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 buying an additional 1,141,480 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Genpact by 26.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after buying an additional 1,032,554 shares in the last quarter. Finally, Nalanda India Equity Fund Ltd raised its holdings in shares of Genpact by 8.0% during the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after buying an additional 1,015,556 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Genpact Stock Performance

NYSE:G opened at $28.22 on Tuesday. The stock has a market cap of $4.78 billion, a P/E ratio of 8.66, a PEG ratio of 0.80 and a beta of 0.58. The stock has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $39.11. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact has a 1-year low of $27.36 and a 1-year high of $48.64.

Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. Research analysts anticipate that Genpact will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

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 paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is 23.01%.

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.