Genpact Limited (NYSE:G) Plans $0.13 Quarterly Dividend

Genpact Limited (NYSE:G – Get Rating) declared 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, June 9th.

Genpact has raised its dividend by an average of 12.8% per year over the last three years and has raised its dividend every year for the last 5 years. Genpact has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

G opened at $41.95 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.43 and a quick ratio of 1.43. Genpact has a fifty-two week low of $37.68 and a fifty-two week high of $54.03. The firm has a market capitalization 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 company’s 50-day moving average is $42.38 and its 200 day moving average is $46.59.

Genpact (NYSE:G – Get Rating) last posted its earnings results on Thursday, May 5th. The business services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Genpact had a net margin of 9.03% and a return on equity of 24.48%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts expect that Genpact will post 2.34 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in Genpact by 25.2% in the 2nd quarter. Morgan Stanley now owns 226,018 shares of the business services provider’s stock worth $10,267,000 after purchasing an additional 45,509 shares in the last quarter. Citadel Advisors LLC lifted its stake in Genpact by 3,776.4% in the 3rd quarter. Citadel Advisors LLC now owns 47,525 shares of the business services provider’s stock worth $2,258,000 after purchasing an additional 46,299 shares in the last quarter. LPL Financial LLC lifted its stake in Genpact by 26.8% in the 3rd quarter. LPL Financial LLC now owns 10,173 shares of the business services provider’s stock worth $483,000 after purchasing an additional 2,152 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Genpact during the 4th quarter valued at $259,000. Finally, MML Investors Services LLC raised its position in shares of Genpact by 6.4% during the 4th quarter. MML Investors Services LLC now owns 13,486 shares of the business services provider’s stock valued at $716,000 after buying an additional 813 shares in the last quarter. 95.82% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Genpact from $55.00 to $48.00 in a research report on Friday, May 6th. Citigroup reduced their price objective on shares of Genpact from $62.00 to $55.00 in a research report on Monday, February 14th. Cowen downgraded shares of Genpact from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $57.00 to $51.00 in a research report on Monday, February 14th. StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 12th. Finally, Jefferies Financial Group assumed coverage on shares of Genpact in a research report on Wednesday, January 26th. They issued a “hold” rating and a $54.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Genpact currently has an average rating of “Buy” and an average target price of $55.71.

Genpact Company Profile (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.

Further Reading