Genpact Limited (G) – What Are Researchers Saying About This Stock?

Genpact Limited (NYSE:G) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.67.

Several research firms recently weighed in on G. Robert W. Baird reduced their price objective 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. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research note on Friday, July 10th. Needham & Company LLC lowered their target price on shares of Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Susquehanna boosted their price target on shares of Genpact from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd.

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.58% of the stock is owned by corporate insiders.

Institutional Trading of Genpact

A number of hedge funds and other institutional investors have recently modified their holdings of G. Pension & Wealth Management Advisors Inc. bought a new position in Genpact during the third quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in Genpact during the third quarter worth about $30,000. WPG Advisers LLC raised its position in Genpact by 74.6% in the first quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock worth $39,000 after acquiring an additional 443 shares in the last quarter. Basecamp Wealth Advisors LLC raised its position in Genpact by 54.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after acquiring an additional 370 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its position in Genpact by 57.2% in the third quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after acquiring an additional 487 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 2.2%

Shares of G stock opened at $40.86 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The stock has a fifty day moving average of $35.80 and a two-hundred day moving average of $33.59. The firm has a market capitalization of $6.83 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57.

Genpact (NYSE:G) last issued its quarterly earnings results 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%. As a group, research analysts expect that Genpact will post 3.66 EPS for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, December 10th. Genpact’s dividend payout ratio (DPR) is currently 22.26%.

About Genpact

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.