Genpact Limited (NYSE:G) Receives $39.78 Consensus PT from Brokerages

Shares of Genpact Limited (NYSE:G) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.78.

Several equities research analysts have issued reports on the stock. Mizuho assumed coverage on shares of Genpact in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target on the stock. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. increased their price target on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, February 9th. Finally, Citigroup dropped their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd.

Genpact Stock Up 0.1 %

NYSE:G opened at $31.34 on Thursday. The company has a market cap of $5.65 billion, a PE ratio of 9.14, a PEG ratio of 1.47 and a beta of 1.07. The stock has a 50-day simple moving average of $32.56 and a 200 day simple moving average of $33.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. Genpact has a 52-week low of $29.41 and a 52-week high of $42.19.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. On average, sell-side analysts expect that Genpact will post 2.7 EPS for the current fiscal year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be paid a $0.153 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 annualized dividend and a yield of 1.95%. Genpact’s dividend payout ratio is 17.78%.

Institutional Investors Weigh In On Genpact

A number of large investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in Genpact by 83.0% in the 3rd quarter. Raymond James & Associates now owns 105,806 shares of the business services provider’s stock valued at $3,830,000 after buying an additional 47,979 shares during the last quarter. Groesbeck Investment Management Corp NJ boosted its holdings in shares of Genpact by 39.9% during the third quarter. Groesbeck Investment Management Corp NJ now owns 11,438 shares of the business services provider’s stock worth $414,000 after acquiring an additional 3,265 shares during the period. Sawyer & Company Inc grew its position in shares of Genpact by 2.7% in the third quarter. Sawyer & Company Inc now owns 35,321 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 920 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Genpact by 32.0% during the third quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider’s stock worth $94,000 after purchasing an additional 632 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Genpact during the 3rd quarter worth approximately $2,031,000. 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.