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.
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.
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