Genpact Limited (G) Receives Average Rating of “Buy” from Analysts

Genpact Limited (NYSE:G) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.86.

Several research analysts have recently commented on G shares. Zacks Investment Research raised shares of Genpact from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. Cowen set a $33.00 price target on shares of Genpact and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 price target on shares of Genpact in a research note on Monday, September 25th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $32.00 price target on shares of Genpact in a research note on Wednesday, September 13th.

Genpact (NYSE:G) opened at $32.00 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact has a 12 month low of $23.34 and a 12 month high of $32.45. The company has a market cap of $6,177.34, a P/E ratio of 20.78, a PEG ratio of 2.18 and a beta of 0.58.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $708.82 million during the quarter, compared to analyst estimates of $685.25 million. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts expect that Genpact will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 8th will be paid a $0.06 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. Genpact’s dividend payout ratio is currently 17.39%.

In other Genpact news, insider Mohit Thukral sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $32.25, for a total transaction of $806,250.00. Following the sale, the insider now owns 85,305 shares of the company’s stock, valued at $2,751,086.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Piyush Mehta sold 20,728 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $30.00, for a total transaction of $621,840.00. The disclosure for this sale can be found here. Insiders sold 1,575,051 shares of company stock valued at $47,739,747 in the last quarter. 1.41% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Visionary Asset Management Inc. acquired a new stake in Genpact during the third quarter worth approximately $232,000. GSA Capital Partners LLP acquired a new stake in Genpact during the third quarter worth approximately $628,000. Hahn Capital Management LLC raised its holdings in Genpact by 1.0% during the third quarter. Hahn Capital Management LLC now owns 842,242 shares of the business services provider’s stock worth $24,214,000 after purchasing an additional 8,176 shares in the last quarter. California Public Employees Retirement System raised its holdings in Genpact by 17.5% during the third quarter. California Public Employees Retirement System now owns 454,583 shares of the business services provider’s stock worth $13,069,000 after purchasing an additional 67,783 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Genpact by 173.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 32,926 shares of the business services provider’s stock valued at $947,000 after acquiring an additional 20,895 shares during the period. 91.15% of the stock is currently owned by institutional investors.

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Genpact Company Profile

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.

Analyst Recommendations for Genpact (NYSE:G)

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