Genpact Limited (NYSE:G) announced a quarterly dividend on Wednesday, November 22nd, NASDAQ reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.06 per share by the business services provider on Wednesday, December 20th. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, December 7th.

Genpact has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 14.9%.

Genpact (G) traded down $0.24 during trading hours on Friday, reaching $32.00. 2,080,000 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. Genpact has a one year low of $23.34 and a one year high of $32.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $6,180.00, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The company had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. research analysts predict that Genpact will post 1.47 EPS for the current year.

A number of brokerages have weighed in on G. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price objective on shares of Genpact in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Genpact from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Friday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price objective on shares of Genpact in a research report on Wednesday, November 8th. Cowen reiterated a “buy” rating and issued a $33.00 price objective on shares of Genpact in a research report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $34.00 price objective on shares of Genpact in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $33.38.

In related news, SVP Piyush Mehta sold 12,500 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $32.00, for a total transaction of $400,000.00. Following the completion of the transaction, the senior vice president now owns 77,944 shares in the company, valued at approximately $2,494,208. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $32.25, for a total transaction of $806,250.00. Following the transaction, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,751,086.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,575,051 shares of company stock valued at $47,739,747. Insiders own 1.41% of the company’s stock.

A hedge fund recently raised its stake in Genpact stock. The Manufacturers Life Insurance Company grew its position in Genpact Limited (NYSE:G) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,508 shares of the business services provider’s stock after buying an additional 455 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Genpact were worth $181,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 91.15% of the company’s stock.

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About Genpact

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

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