Genpact Limited (NYSE:G) – Research analysts at SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for Genpact Limited in a research report issued on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the business services provider will earn $0.36 per share for the quarter, down from their prior forecast of $0.37. SunTrust Banks also issued estimates for Genpact Limited’s Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.44 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.41 EPS, FY2018 earnings at $1.61 EPS and FY2019 earnings at $1.80 EPS.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 8th. Wedbush reiterated an “outperform” rating and issued a $33.00 price objective on shares of Genpact Limited in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Genpact Limited from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Cowen and Company reiterated an “outperform” rating and issued a $33.00 price objective (up from $30.00) on shares of Genpact Limited in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.14.
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Shares of Genpact Limited (G) opened at 28.34 on Monday. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $26.53. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $31.93. The firm has a market capitalization of $5.47 billion, a PE ratio of 21.40 and a beta of 0.50.
Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The business had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share.
The company also recently announced a special dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be paid a $0.06 dividend. This represents a yield of 0.84%. The ex-dividend date is Thursday, September 7th. Genpact Limited’s payout ratio is 18.05%.
In other news, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the transaction, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,420,102.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Edward J. Fitzpatrick sold 57,934 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $28.54, for a total transaction of $1,653,436.36. Following the transaction, the chief financial officer now directly owns 113,520 shares of the company’s stock, valued at approximately $3,239,860.80. The disclosure for this sale can be found here. Insiders sold a total of 10,358,442 shares of company stock valued at $297,475,276 in the last three months. 1.55% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of G. BlackRock Inc. increased its stake in shares of Genpact Limited by 2,636.7% during the 1st quarter. BlackRock Inc. now owns 7,680,410 shares of the business services provider’s stock valued at $190,169,000 after acquiring an additional 7,399,767 shares during the last quarter. Hahn Capital Management LLC increased its stake in shares of Genpact Limited by 2,613.3% during the 1st quarter. Hahn Capital Management LLC now owns 933,386 shares of the business services provider’s stock valued at $23,111,000 after acquiring an additional 898,986 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Genpact Limited during the 1st quarter valued at about $19,870,000. UBS Asset Management Americas Inc. increased its stake in shares of Genpact Limited by 2,300.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock valued at $23,157,000 after acquiring an additional 797,436 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Genpact Limited during the 1st quarter valued at about $19,515,000. 92.16% of the stock is owned by institutional investors.
About Genpact Limited
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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