Genpact Limited (NYSE:G) Given Average Rating of “Hold” by Analysts

Genpact Limited (NYSE:G) has earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.44.

Several brokerages have recently issued reports on G. Mizuho raised their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC raised their price target on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $60.00 in a research note on Friday, February 7th.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Genpact

Institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc purchased a new stake in shares of Genpact in the 3rd quarter worth $212,000. Natixis Advisors LLC lifted its position in Genpact by 9.3% during the third quarter. Natixis Advisors LLC now owns 121,486 shares of the business services provider’s stock valued at $4,763,000 after purchasing an additional 10,354 shares in the last quarter. Caprock Group LLC grew its holdings in Genpact by 31.2% during the third quarter. Caprock Group LLC now owns 9,716 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 2,310 shares during the period. Advisors Asset Management Inc. increased its position in Genpact by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after buying an additional 226 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Genpact in the third quarter worth about $540,000. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of Genpact stock opened at $49.90 on Friday. The business’s 50-day moving average price is $50.27 and its 200-day moving average price is $44.66. The firm has a market capitalization of $8.77 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. Genpact has a 12 month low of $30.23 and a 12 month high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. Sell-side analysts forecast that Genpact will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. Genpact’s dividend payout ratio is presently 23.94%.

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.