Genpact Limited (NYSE:G) Receives Average Recommendation of “Hold” from Analysts

Genpact Limited (NYSE:G) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.2857.

Several research firms have recently weighed in on G. Susquehanna set a $42.00 target price on shares of Genpact in a report on Friday, February 6th. Needham & Company LLC cut their price target on shares of Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Mizuho decreased their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. Finally, Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th.

Genpact Trading Down 0.1%

Shares of G opened at $37.23 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.32 billion, a PE ratio of 11.89, a PEG ratio of 1.10 and a beta of 0.74. Genpact has a 1 year low of $34.79 and a 1 year high of $50.71. The stock has a 50 day simple moving average of $39.62 and a 200-day simple moving average of $42.24.

Genpact (NYSE:G) last announced its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Genpact will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Genpact’s previous quarterly dividend of $0.17. Genpact’s payout ratio is 23.96%.

Insider Buying and Selling at Genpact

In related news, SVP Sameer Dewan sold 15,088 shares of Genpact stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the transaction, the senior vice president directly owned 37,749 shares of the company’s stock, valued at $1,760,990.85. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the transaction, the chief executive officer owned 525,007 shares in the company, valued at approximately $21,404,535.39. This trade represents a 0.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,904 shares of company stock worth $1,565,158. 1.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genpact

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new position in shares of Genpact during the fourth quarter worth approximately $25,000. Private Trust Co. NA increased its holdings in shares of Genpact by 364.2% in the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 499 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Genpact in the third quarter valued at approximately $27,000. Westside Investment Management Inc. raised its position in Genpact by 193.5% in the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after purchasing an additional 447 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Genpact in the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.