Genpact Limited (NYSE:G) Receives Consensus Rating of “Hold” from Brokerages

Genpact Limited (NYSE:G) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $49.75.

G has been the topic of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Mizuho boosted their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a report on Monday, June 30th. Finally, Wall Street Zen raised Genpact from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th.

Genpact Stock Performance

NYSE G opened at $45.52 on Friday. The company has a 50-day simple moving average of $43.92 and a two-hundred day simple moving average of $47.18. Genpact has a 12-month low of $32.18 and a 12-month high of $56.76. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

Genpact (NYSE:G) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Genpact will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, September 11th. Genpact’s dividend payout ratio (DPR) is presently 23.21%.

Insider Buying and Selling

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Genpact

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Genpact by 59.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider’s stock valued at $522,000 after acquiring an additional 3,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Genpact by 20.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock worth $486,000 after purchasing an additional 1,651 shares in the last quarter. GAMMA Investing LLC boosted its stake in Genpact by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock worth $491,000 after purchasing an additional 4,561 shares during the period. 111 Capital purchased a new stake in Genpact during the 4th quarter valued at approximately $301,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Genpact during the fourth quarter valued at approximately $921,000. Institutional investors own 96.03% of the company’s stock.

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.