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

Genpact Limited (NYSE:G) has been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.33.

G has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group increased their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC boosted their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets increased their price target 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. Finally, Robert W. Baird boosted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Genpact Stock Down 0.7 %

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

Genpact Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.36%. Genpact’s dividend payout ratio is presently 16.76%.

Hedge Funds Weigh In On Genpact

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

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.