Genpact Limited (NYSE:G) Receives $39.78 Consensus Target Price from Analysts

Shares of Genpact Limited (NYSE:G) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.78.

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Genpact in a research report on Friday, February 9th. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Mizuho assumed coverage on Genpact in a report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. raised their target price on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Finally, Citigroup reduced their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

Institutional Investors Weigh In On Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in G. Buck Wealth Strategies LLC acquired a new position in shares of Genpact during the 1st quarter worth $1,415,000. GSA Capital Partners LLP boosted its holdings in Genpact by 65.6% in the first quarter. GSA Capital Partners LLP now owns 89,462 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 35,447 shares in the last quarter. Suncoast Equity Management increased its position in Genpact by 7.7% during the first quarter. Suncoast Equity Management now owns 11,500 shares of the business services provider’s stock worth $379,000 after buying an additional 825 shares during the last quarter. Access Investment Management LLC acquired a new position in Genpact during the first quarter worth $3,431,000. Finally, Moloney Securities Asset Management LLC raised its holdings in Genpact by 2.0% during the first quarter. Moloney Securities Asset Management LLC now owns 27,236 shares of the business services provider’s stock valued at $897,000 after buying an additional 529 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Trading Up 0.1 %

G opened at $31.34 on Thursday. The stock has a market capitalization of $5.65 billion, a PE ratio of 9.14, a P/E/G ratio of 1.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. Genpact has a 12-month low of $29.41 and a 12-month high of $42.19. The firm’s fifty day moving average price is $32.56 and its 200 day moving average price is $33.92.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. As a group, research analysts expect that Genpact will post 2.7 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th will be paid a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 17.78%.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.