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

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

G has been the subject of several recent research reports. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. TD Cowen lifted their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Needham & Company LLC raised their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 23,058 shares of company stock worth $1,044,715. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

Several hedge funds and other institutional investors have recently made changes to their positions in G. Franklin Resources Inc. lifted its stake in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after acquiring an additional 252,674 shares in the last quarter. Geode Capital Management LLC raised its stake in Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after acquiring an additional 413,646 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Genpact by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares during the period. JPMorgan Chase & Co. lifted its position in Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after acquiring an additional 2,060,595 shares during the last quarter. Finally, Vulcan Value Partners LLC lifted its holdings in Genpact by 22.2% during 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 during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Price Performance

Shares of NYSE:G opened at $43.64 on Tuesday. The stock has a market capitalization of $7.70 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average price is $43.70 and its 200-day moving average price is $39.02. Genpact has a twelve month low of $30.23 and a twelve month high of $47.98.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.1525 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.40%. Genpact’s dividend payout ratio (DPR) is 16.76%.

Genpact Company Profile

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.