Cantor Fitzgerald restated their buy rating on shares of Genpact Limited (NYSE:G) in a report released on Wednesday morning. They currently have a $32.00 price objective on the business services provider’s stock.

A number of other equities analysts have also commented on G. BMO Capital Markets raised their price objective on shares of Genpact Limited from $26.00 to $30.00 and gave the company a market perform rating in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed an outperform rating and issued a $34.00 target price on shares of Genpact Limited in a research note on Wednesday, August 16th. Cowen and Company set a $33.00 target price on shares of Genpact Limited and gave the company a buy rating in a research note on Tuesday, August 15th. BidaskClub downgraded shares of Genpact Limited from a strong-buy rating to a buy rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG raised their target price on shares of Genpact Limited from $26.00 to $28.00 and gave the company a hold rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $31.86.

Genpact Limited (G) opened at 28.08 on Wednesday. The stock has a 50 day moving average of $28.67 and a 200 day moving average of $26.60. The firm has a market capitalization of $5.42 billion, a PE ratio of 21.21 and a beta of 0.50. Genpact Limited has a 12 month low of $22.62 and a 12 month high of $31.93.

Genpact Limited (NYSE:G) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company had revenue of $670.70 million during the quarter, compared to analyst estimates of $642.68 million. During the same period last year, the business earned $0.36 earnings per share. Genpact Limited’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Genpact Limited will post $1.56 earnings per share for the current fiscal year.

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The company also recently announced a special dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be issued a $0.06 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 7th. Genpact Limited’s dividend payout ratio is 18.05%.

In related news, Director Amit Chandra sold 275,508 shares of Genpact Limited stock in a transaction on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $7,912,589.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mohit Thukral sold 25,000 shares of Genpact Limited stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the sale, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders sold 10,358,442 shares of company stock worth $297,475,276 in the last 90 days. Company insiders own 1.55% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in G. YorkBridge Wealth Partners LLC boosted its holdings in Genpact Limited by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 189 shares in the last quarter. SG Americas Securities LLC bought a new stake in Genpact Limited in the first quarter valued at $110,000. Acrospire Investment Management LLC boosted its holdings in Genpact Limited by 569.8% in the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 3,419 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,480 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 2,403 shares in the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

Genpact Limited 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 Limited (NYSE:G)

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