Genpact (NYSE:G) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

G has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Susquehanna increased their price objective on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Robert W. Baird lowered their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Needham & Company LLC cut their price target on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Citigroup boosted their price objective on Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.33.

Genpact Stock Performance

G opened at $33.30 on Friday. The firm’s 50-day moving average price is $35.26 and its 200-day moving average price is $33.72. The company has a market cap of $5.60 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.89 and a beta of 0.57. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact has a 52-week low of $26.85 and a 52-week high of $48.64.

Genpact (NYSE:G) last issued 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 net margin of 11.04% and a return on equity of 23.34%. The business had revenue of $1.34 billion for the quarter. As a group, equities analysts anticipate that Genpact will post 3.66 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is presently 22.26%.

Insider Activity at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock valued at $208,965,000 after buying an additional 598,877 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Genpact by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 3,508,847 shares of the business services provider’s stock valued at $164,144,000 after purchasing an additional 129,664 shares during the period. First Trust Advisors LP increased its position in Genpact by 10.2% during the first quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider’s stock worth $89,996,000 after purchasing an additional 222,899 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Genpact by 62.4% during the fourth quarter. Panagora Asset Management Inc. now owns 967,459 shares of the business services provider’s stock worth $45,258,000 after purchasing an additional 371,814 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in Genpact in the 1st quarter valued at about $30,037,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

About Genpact

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.