Citigroup Lowers Genpact (NYSE:G) Price Target to $52.00

Genpact (NYSE:GGet Rating) had its price target cut by Citigroup from $56.00 to $52.00 in a research note released on Thursday, The Fly reports. They currently have a buy rating on the business services provider’s stock.

A number of other research analysts have also recently commented on G. StockNews.com assumed coverage on shares of Genpact in a report on Wednesday, October 12th. They issued a buy rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Genpact from $62.00 to $55.00 and set an overweight rating on the stock in a report on Friday, October 14th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Genpact has a consensus rating of Moderate Buy and an average price target of $52.14.

Genpact Trading Down 1.3 %

G stock opened at $45.31 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 twelve month low of $37.68 and a twelve month high of $54.03. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The firm’s fifty day simple moving average is $45.65 and its two-hundred day simple moving average is $44.79.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, December 8th. Genpact’s payout ratio is currently 28.09%.

Insider Activity at Genpact

In related news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total value of $2,283,000.00. Following the transaction, the chief executive officer now owns 644,377 shares in the company, valued at approximately $29,422,253.82. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total value of $2,283,000.00. Following the transaction, the chief executive officer now owns 644,377 shares in the company, valued at approximately $29,422,253.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Balkrishan Kalra sold 10,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $47.35, for a total transaction of $473,500.00. Following the completion of the transaction, the senior vice president now owns 183,685 shares in the company, valued at approximately $8,697,484.75. The disclosure for this sale can be found here. Insiders sold 125,713 shares of company stock valued at $5,900,569 in the last three months. 2.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Genpact

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its position in shares of Genpact by 25.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock valued at $43,000 after buying an additional 210 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Genpact by 1.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 13,568 shares of the business services provider’s stock valued at $575,000 after buying an additional 220 shares in the last quarter. CWM LLC lifted its position in shares of Genpact by 22.2% during the 2nd quarter. CWM LLC now owns 1,255 shares of the business services provider’s stock valued at $53,000 after buying an additional 228 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of Genpact by 1.6% during the 2nd quarter. Securian Asset Management Inc. now owns 15,528 shares of the business services provider’s stock valued at $658,000 after buying an additional 239 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in Genpact by 2.0% in the 2nd quarter. Strengthening Families & Communities LLC now owns 12,373 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Genpact Company Profile

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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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