Genpact (NYSE:G) Hits New 12-Month Low – Should You Sell?

Genpact Limited (NYSE:G)’s stock price reached a new 52-week low on Thursday . The company traded as low as $33.53 and last traded at $33.8450, with a volume of 3383632 shares. The stock had previously closed at $33.95.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup raised Genpact from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Needham & Company LLC reduced their price target on Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Susquehanna set a $42.00 price target on Genpact in a research report on Friday, February 6th. Mizuho reduced 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. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.29.

Genpact Trading Down 0.3%

The company has a market cap of $5.75 billion, a P/E ratio of 10.81, a PEG ratio of 1.00 and a beta of 0.74. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $37.60 and a 200-day moving average price of $41.48.

Genpact (NYSE:G) last announced its quarterly earnings data on Friday, February 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. Analysts forecast that Genpact Limited will post 3.6 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.1875 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.2%. Genpact’s dividend payout ratio is currently 23.96%.

Insider Activity

In other news, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genpact

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Genpact by 2.6% in the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 241 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Genpact by 47.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 265 shares during the period. Verdence Capital Advisors LLC raised its stake in Genpact by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 271 shares during the period. AlphaCore Capital LLC raised its stake in Genpact by 2.4% in the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after acquiring an additional 272 shares during the period. Finally, OneAscent Investment Solutions LLC raised its stake in Genpact by 3.7% in the 3rd quarter. OneAscent Investment Solutions LLC now owns 7,770 shares of the business services provider’s stock valued at $325,000 after acquiring an additional 280 shares during the period. Institutional investors 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.