Genpact Limited (NYSE:G) Given Average Recommendation of “Hold” by Analysts

Genpact Limited (NYSE:G) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.2857.

Several analysts have weighed in on the company. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Citigroup lowered their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Mizuho lowered their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th.

Genpact Trading Down 3.4%

NYSE:G opened at $30.97 on Tuesday. The stock has a fifty day moving average price of $33.54 and a two-hundred day moving average price of $39.49. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. Genpact has a 1 year low of $28.78 and a 1 year high of $48.64.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. The company had revenue of $1.30 billion for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. As a group, sell-side analysts anticipate that Genpact will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 annualized dividend and a yield of 2.4%. Genpact’s dividend payout ratio is 23.01%.

Institutional Trading of Genpact

Several large investors have recently bought and sold shares of G. AQR Capital Management LLC boosted its stake in shares of Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after acquiring an additional 3,131,643 shares during the last quarter. FIL Ltd boosted its stake in shares of Genpact by 114.4% during the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock valued at $224,678,000 after acquiring an additional 2,562,484 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of Genpact by 157.9% during the third quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock valued at $78,091,000 after acquiring an additional 1,141,480 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 26.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock valued at $234,409,000 after acquiring an additional 1,032,554 shares during the last quarter. Finally, Nalanda India Equity Fund Ltd boosted its stake in shares of Genpact by 8.0% during the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock valued at $641,003,000 after acquiring an additional 1,015,556 shares during the last quarter. 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.