Genpact Limited (NYSE:G) Given Consensus Rating of “Hold” by Brokerages

Shares of Genpact Limited (NYSE:G) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.2857.

Several brokerages have recently issued reports on G. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Susquehanna set a $42.00 price objective on shares of Genpact in a report on Friday, February 6th. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a report on Friday, December 26th. Finally, Mizuho dropped their target price on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th.

Insider Activity at Genpact

In other news, SVP Riju Vashisht sold 16,016 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the completion of the transaction, the senior vice president directly owned 95,521 shares in the company, valued at approximately $4,456,054.65. The trade was a 14.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sameer Dewan sold 15,088 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the sale, the senior vice president directly owned 37,749 shares of the company’s stock, valued at approximately $1,760,990.85. This trade represents a 28.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,904 shares of company stock worth $1,565,158. 1.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of G. Rockefeller Capital Management L.P. grew its holdings in Genpact by 194.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,132 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,727 shares during the period. Osbon Capital Management LLC acquired a new stake in Genpact in the fourth quarter worth $25,000. World Investment Advisors boosted its position in shares of Genpact by 10.8% during the fourth quarter. World Investment Advisors now owns 9,563 shares of the business services provider’s stock worth $447,000 after purchasing an additional 936 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Genpact by 81.8% during the fourth quarter. Corient Private Wealth LLC now owns 69,747 shares of the business services provider’s stock worth $3,264,000 after purchasing an additional 31,374 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its holdings in shares of Genpact by 17.6% in the 4th quarter. Sit Investment Associates Inc. now owns 202,150 shares of the business services provider’s stock valued at $9,457,000 after buying an additional 30,280 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 0.1%

G stock opened at $37.23 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. Genpact has a twelve month low of $34.79 and a twelve month high of $50.71. The company has a market cap of $6.32 billion, a P/E ratio of 11.89, a PEG ratio of 1.10 and a beta of 0.74. The business has a fifty day moving average of $39.62 and a 200-day moving average of $42.24.

Genpact (NYSE:G) last announced its quarterly earnings data on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. As a group, equities research analysts expect that Genpact will post 3.21 EPS for the current year.

Genpact Increases Dividend

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

About Genpact

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.