Genpact Limited (NYSE:G – Get Rating) announced a quarterly dividend on Thursday, May 19th, Zacks reports. Stockholders of record on Friday, June 10th will be paid a dividend of 0.125 per share by the business services provider on Friday, June 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, June 9th.
Genpact has increased its dividend payment by an average of 12.8% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Genpact has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.8%.
Shares of NYSE:G opened at $41.95 on Friday. Genpact has a 12-month low of $37.68 and a 12-month high of $54.03. The stock has a market cap of $7.77 billion, a PE ratio of 21.51, a P/E/G ratio of 1.44 and a beta of 1.41. The business has a 50 day moving average of $42.38 and a 200-day moving average of $46.59. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.68.
Several institutional investors have recently modified their holdings of the stock. Toroso Investments LLC grew its stake in shares of Genpact by 13.9% in the first quarter. Toroso Investments LLC now owns 4,730 shares of the business services provider’s stock worth $206,000 after purchasing an additional 576 shares during the last quarter. Capital International Investors grew its stake in shares of Genpact by 101.8% in the first quarter. Capital International Investors now owns 3,963,229 shares of the business services provider’s stock worth $172,440,000 after purchasing an additional 1,999,617 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Genpact by 70.6% during the first quarter. BNP Paribas Arbitrage SA now owns 75,575 shares of the business services provider’s stock valued at $3,288,000 after acquiring an additional 31,274 shares during the last quarter. Jane Street Group LLC boosted its position in Genpact by 715.6% during the first quarter. Jane Street Group LLC now owns 49,310 shares of the business services provider’s stock valued at $2,145,000 after acquiring an additional 43,264 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Genpact during the first quarter valued at $128,000. 95.82% of the stock is currently owned by institutional investors.
Several research analysts have commented on G shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Genpact from $55.00 to $48.00 in a research report on Friday, May 6th. StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 12th. Citigroup lowered their price objective on shares of Genpact from $62.00 to $55.00 in a research report on Monday, February 14th. Jefferies Financial Group started coverage on shares of Genpact in a research report on Wednesday, January 26th. They set a “hold” rating and a $54.00 price objective for the company. Finally, Cowen downgraded shares of Genpact from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $57.00 to $51.00 in a report on Monday, February 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $55.71.
About Genpact (Get Rating)
Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.
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