Genpact Limited (NYSE:G) Receives $53.00 Average Target Price from Brokerages

Genpact Limited (NYSE:GGet Rating) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $53.00.

Separately, Citigroup cut their price objective on shares of Genpact from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th.

Genpact Stock Performance

NYSE G opened at $46.66 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. Genpact has a 12-month low of $37.68 and a 12-month high of $54.03. The firm has a market cap of $8.56 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The company’s 50 day moving average is $46.33 and its 200-day moving average is $43.87.

Genpact (NYSE:GGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Genpact had a net margin of 8.09% and a return on equity of 22.29%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that Genpact will post 2.4 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.50 annualized dividend and a dividend yield of 1.07%. Genpact’s payout ratio is 27.78%.

Insider Buying and Selling

In related news, SVP Kathryn Vanpelt Stein sold 30,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total value of $1,431,300.00. Following the completion of the transaction, the senior vice president now directly owns 98,223 shares in the company, valued at approximately $4,686,219.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Balkrishan Kalra sold 10,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $47.35, for a total transaction of $473,500.00. Following the sale, the senior vice president now directly owns 183,685 shares of the company’s stock, valued at approximately $8,697,484.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn Vanpelt Stein sold 30,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total transaction of $1,431,300.00. Following the sale, the senior vice president now directly owns 98,223 shares in the company, valued at $4,686,219.33. The disclosure for this sale can be found here. Insiders sold a total of 70,713 shares of company stock worth $3,362,269 in the last three months. 2.67% of the stock is owned by corporate insiders.

Institutional Trading of Genpact

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of Genpact by 25.9% in the second quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock worth $43,000 after buying an additional 210 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Genpact by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 13,568 shares of the business services provider’s stock worth $575,000 after buying an additional 220 shares during the last quarter. CWM LLC boosted its holdings in shares of Genpact by 22.2% in the second quarter. CWM LLC now owns 1,255 shares of the business services provider’s stock worth $53,000 after buying an additional 228 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in shares of Genpact by 1.6% in the second quarter. Securian Asset Management Inc. now owns 15,528 shares of the business services provider’s stock worth $658,000 after buying an additional 239 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in shares of Genpact by 2.9% in the first quarter. NorthCrest Asset Manangement LLC now owns 8,480 shares of the business services provider’s stock worth $369,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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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Analyst Recommendations for Genpact (NYSE:G)

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