Genpact (G) Reaches New 12-Month High at $33.84

Shares of Genpact Limited (NYSE:G) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $33.84 and last traded at $33.32, with a volume of 756100 shares traded. The stock had previously closed at $33.12.

A number of equities analysts recently commented on G shares. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price objective on shares of Genpact in a report on Wednesday, November 8th. Cowen restated a “buy” rating and issued a $33.00 price objective on shares of Genpact in a report on Thursday, October 12th. SunTrust Banks restated a “buy” rating and issued a $34.00 price objective on shares of Genpact in a report on Monday, October 9th. Robert W. Baird restated a “buy” rating and issued a $38.00 price objective on shares of Genpact in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.38.

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6,393.56, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.06 and a beta of 0.58.

Genpact (NYSE:G) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The company had revenue of $708.82 million for the quarter, compared to the consensus estimate of $685.25 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. equities research analysts forecast that Genpact Limited will post 1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Friday, December 8th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.24 annualized dividend and a yield of 0.72%. Genpact’s dividend payout ratio (DPR) is presently 17.39%.

In other news, insider Piyush Mehta sold 20,728 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $30.00, for a total value of $621,840.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,675,525 shares of company stock worth $50,978,024. Corporate insiders own 1.41% of the company’s stock.

Several institutional investors have recently made changes to their positions in G. Voya Investment Management LLC lifted its position in Genpact by 97.9% in the second quarter. Voya Investment Management LLC now owns 112,834 shares of the business services provider’s stock worth $3,140,000 after purchasing an additional 55,809 shares during the period. Marathon Asset Management LLP lifted its position in Genpact by 27.7% in the third quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock worth $39,002,000 after purchasing an additional 293,931 shares during the period. BNP Paribas Arbitrage SA lifted its position in Genpact by 454.5% in the third quarter. BNP Paribas Arbitrage SA now owns 25,319 shares of the business services provider’s stock worth $728,000 after purchasing an additional 20,753 shares during the period. First Trust Advisors LP lifted its position in Genpact by 184.8% in the third quarter. First Trust Advisors LP now owns 220,560 shares of the business services provider’s stock worth $6,341,000 after purchasing an additional 143,128 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in Genpact by 200.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 46,488 shares of the business services provider’s stock worth $1,337,000 after purchasing an additional 31,010 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

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About Genpact

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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