Genpact (NYSE:G) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

G has been the topic of several other reports. Citigroup raised their price objective on Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and set a $40.00 price target on shares of Genpact in a research report on Friday, August 7th. TD Cowen upped their price objective on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Susquehanna upped their price objective on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genpact in a research note on Monday, September 21st. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Genpact has a consensus rating of “Hold” and an average target price of $39.33.

Genpact Stock Performance

Shares of G opened at $33.59 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a 50 day moving average price of $35.29 and a two-hundred day moving average price of $33.65. The firm has a market capitalization of $5.64 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.89 and a beta of 0.57. Genpact has a 52 week low of $26.85 and a 52 week high of $48.64.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The firm had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Equities analysts forecast that Genpact will post 3.66 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 10th. Genpact’s payout ratio is presently 22.26%.

Insider Buying and Selling at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.58% of the company’s stock.

Institutional Trading of Genpact

Hedge funds have recently added to or reduced their stakes in the stock. OneAscent Family Office LLC grew its stake in shares of Genpact by 5.0% during the 4th quarter. OneAscent Family Office LLC now owns 5,991 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 288 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Genpact by 8.8% in the first quarter. Fifth Third Bancorp now owns 3,691 shares of the business services provider’s stock worth $137,000 after buying an additional 300 shares during the last quarter. Triad Wealth Partners LLC grew its position in Genpact by 3.6% during the first quarter. Triad Wealth Partners LLC now owns 8,655 shares of the business services provider’s stock valued at $322,000 after buying an additional 301 shares during the period. SJS Investment Consulting Inc. grew its position in Genpact by 22.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider’s stock valued at $63,000 after buying an additional 312 shares during the period. Finally, Basecamp Wealth Advisors LLC increased its holdings in Genpact by 54.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock valued at $39,000 after buying an additional 370 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

About Genpact

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.