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

Genpact Limited (NYSE:G) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.33.

G has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. TD Cowen raised their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. 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 report on Friday, September 6th. Finally, BMO Capital Markets boosted their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th.

Genpact Stock Performance

Shares of G stock opened at $44.79 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.89. Genpact has a 1 year low of $30.23 and a 1 year high of $47.98. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The business has a fifty day moving average of $39.74 and a 200 day moving average of $36.06.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.1525 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, December 9th. Genpact’s payout ratio is 16.76%.

Institutional Trading of Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 587 shares during the period. Versant Capital Management Inc increased its stake in Genpact by 4,717.8% in the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,123 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Genpact by 54.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after buying an additional 984 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after buying an additional 2,293 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.