Genpact Limited (NYSE:G) Receives Consensus Rating of “Hold” from Analysts

Shares of Genpact Limited (NYSE:G) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $39.44.

Several brokerages have recently weighed in on G. JPMorgan Chase & Co. raised their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Robert W. Baird lifted their price target on shares of Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Needham & Company LLC increased their price objective on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their target price on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group increased their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th.

Hedge Funds Weigh In On Genpact

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Genpact by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after purchasing an additional 218,526 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Genpact by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after acquiring an additional 847,249 shares in the last quarter. Capital International Investors grew its position in Genpact by 51.8% during the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after acquiring an additional 1,053,236 shares during the last quarter. Vulcan Value Partners LLC increased its holdings in Genpact by 22.2% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after purchasing an additional 284,842 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Genpact by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider’s stock valued at $48,680,000 after purchasing an additional 122,993 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Trading Up 0.4 %

NYSE:G opened at $38.37 on Thursday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.63 and a beta of 1.13. Genpact has a 1-year low of $29.41 and a 1-year high of $39.95. The business’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $34.86. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. On average, equities analysts expect that Genpact will post 2.85 earnings per share for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.1525 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is presently 17.43%.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.