Zacks Investment Research lowered shares of Genpact (NYSE:G) from a buy rating to a hold rating in a research report sent to investors on Monday.

According to Zacks, “Genpact enjoys a competitive position in the BPO services market based on domain expertise in business analytics, digital and consulting. Acquisitions have helped expanding Genpact’s product portfolio as well as gaining new domain expertise. Strong clientele across the world is another growth catalyst. The company’s efforts to reward its shareholders through share buybacks are appreciable. However, Genpact faces significant client concentration in terms of geographic location. Frequent acquisitions have also negatively impacted its balance sheet. Genpact experiences seasonality with revenues typically lower in the first and second quarters. Shares of Genpact have underperformed the industry over the past year.”

Other equities analysts have also recently issued reports about the stock. SunTrust Banks reaffirmed a buy rating and set a $37.00 price target on shares of Genpact in a research note on Thursday, August 9th. Cantor Fitzgerald reaffirmed a buy rating and set a $36.00 price target on shares of Genpact in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. cut shares of Genpact from a neutral rating to an underweight rating and set a $37.00 price target for the company. in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Genpact presently has an average rating of Hold and an average price target of $36.06.

NYSE G opened at $30.69 on Monday. Genpact has a 52-week low of $27.83 and a 52-week high of $34.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $5.73 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.53.

Genpact (NYSE:G) last posted its earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Genpact had a return on equity of 22.15% and a net margin of 9.44%. The business had revenue of $728.56 million during the quarter, compared to analysts’ expectations of $734.51 million. sell-side analysts expect that Genpact will post 1.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Monday, September 10th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.98%. Genpact’s dividend payout ratio is currently 20.13%.

In other news, SVP Heather White sold 1,367 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $31.00, for a total value of $42,377.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Lindstrom sold 2,630 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $30.44, for a total value of $80,057.20. Following the completion of the sale, the director now directly owns 17,141 shares of the company’s stock, valued at approximately $521,772.04. The disclosure for this sale can be found here. 1.41% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its holdings in Genpact by 8.9% during the 2nd quarter. Brown Advisory Inc. now owns 13,753,374 shares of the business services provider’s stock valued at $397,884,000 after purchasing an additional 1,129,478 shares during the last quarter. BlackRock Inc. lifted its holdings in Genpact by 6.2% during the 1st quarter. BlackRock Inc. now owns 13,560,279 shares of the business services provider’s stock valued at $433,794,000 after purchasing an additional 788,239 shares during the last quarter. FMR LLC lifted its holdings in Genpact by 3.5% during the 2nd quarter. FMR LLC now owns 9,813,587 shares of the business services provider’s stock valued at $283,907,000 after purchasing an additional 328,676 shares during the last quarter. Fiduciary Management Inc. WI lifted its holdings in Genpact by 1.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 4,556,443 shares of the business services provider’s stock valued at $145,761,000 after purchasing an additional 44,693 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in Genpact by 21.3% during the 2nd quarter. Martingale Asset Management L P now owns 1,159,939 shares of the business services provider’s stock valued at $33,558,000 after purchasing an additional 203,898 shares during the last quarter. 88.30% of the stock is owned by institutional investors.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Analyst Recommendations for Genpact (NYSE:G)

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