Genpact Limited (NYSE:G) Stock Has Consensus Target Price of $39.33 According to Analysts

Genpact Limited (NYSE:G) has received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.33.

A number of equities analysts recently weighed in on G shares. Weiss Ratings restated a “hold (c-)” rating on shares of Genpact in a report on Monday, September 21st. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 target price on shares of Genpact in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a report on Friday, July 10th. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Saturday, September 12th.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares in the company, valued at $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genpact

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd bought a new position in shares of Genpact during the 1st quarter valued at $30,037,000. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock worth $208,965,000 after buying an additional 598,877 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Genpact by 172.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 704,124 shares of the business services provider’s stock worth $26,229,000 after buying an additional 445,743 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Genpact by 62.4% in the fourth quarter. Panagora Asset Management Inc. now owns 967,459 shares of the business services provider’s stock worth $45,258,000 after acquiring an additional 371,814 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Genpact by 435.3% in the fourth quarter. BNP Paribas Financial Markets now owns 334,191 shares of the business services provider’s stock worth $15,633,000 after acquiring an additional 271,756 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 1.1%

NYSE:G opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $5.42 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.87 and a beta of 0.58. Genpact has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The firm has a 50-day simple moving average of $35.08 and a two-hundred day simple moving average of $33.79.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The firm had revenue of $1.34 billion for the quarter. Analysts predict that Genpact will post 3.66 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is presently 22.26%.

About Genpact

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.