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

Genpact Limited (NYSE:G) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $47.2857.

Several research firms recently issued reports on G. Needham & Company LLC decreased their target price on shares of Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Genpact in a research report on Friday, December 26th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Citigroup raised Genpact from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Mizuho lowered their price target on Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th.

Genpact Price Performance

G opened at $37.63 on Thursday. The company’s 50 day simple moving average is $39.13 and its 200 day simple moving average is $42.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.66. Genpact has a 1 year low of $34.79 and a 1 year high of $50.41. The stock has a market capitalization of $6.39 billion, a PE ratio of 12.02, a P/E/G ratio of 1.11 and a beta of 0.74.

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

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $0.1875 dividend. The ex-dividend date of this dividend was Monday, March 16th. This is an increase from Genpact’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. Genpact’s dividend payout ratio (DPR) is currently 23.96%.

Insider Transactions at Genpact

In other news, SVP Sameer Dewan sold 15,088 shares of the stock in a transaction on 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 owned 37,749 shares of the company’s stock, valued at $1,760,990.85. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 2,800 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the sale, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at $21,404,535.39. The trade was a 0.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,904 shares of company stock valued at $1,565,158 over the last 90 days. Corporate insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Genpact

Several large investors have recently made changes to their positions in the business. Osbon Capital Management LLC purchased a new stake in shares of Genpact during the 4th quarter valued at about $25,000. Private Trust Co. NA raised its holdings in shares of Genpact by 364.2% during the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after buying an additional 499 shares during the period. Quent Capital LLC purchased a new stake in shares of Genpact during the 3rd quarter valued at about $27,000. Westside Investment Management Inc. raised its holdings in shares of Genpact by 193.5% during the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after buying an additional 447 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Genpact during the 3rd quarter valued at about $29,000. 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.