Genpact Limited (NYSE:G) Receives Average Recommendation of “Hold” from Brokerages

Genpact Limited (NYSE:G) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $48.44.

A number of equities analysts have commented on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC raised their target price 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 upped their price target for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th.

Genpact Price Performance

G stock opened at $50.76 on Friday. The firm has a market cap of $8.92 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.84 and a beta of 1.16. The firm’s fifty day moving average is $50.74 and its 200 day moving average is $44.94. Genpact has a 52 week low of $30.23 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (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%. Research analysts predict that Genpact will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.17 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. Genpact’s payout ratio is presently 23.94%.

Insider Activity at Genpact

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

Hedge Funds Weigh In On Genpact

A number of institutional investors and hedge funds have recently made changes to their positions in G. Stifel Financial Corp bought a new position in shares of Genpact during the third quarter valued at $1,197,000. Blue Trust Inc. increased its stake in Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 441 shares in the last quarter. Burney Co. raised its holdings in Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after buying an additional 92,641 shares during the last quarter. KBC Group NV bought a new position in shares of Genpact in the fourth quarter worth approximately $298,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after buying an additional 2,060,595 shares during the last quarter. Institutional investors 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.