Genpact (NYSE:G) Trading 7.1% Higher – Time to Buy?

Shares of Genpact Limited (NYSE:G) were up 7.1% on Tuesday . The stock traded as high as $34.28 and last traded at $34.4640. 189,604 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,503,331 shares. The stock had previously closed at $32.18.

Wall Street Analysts Forecast Growth

G has been the topic of a number of recent research reports. Robert W. Baird cut their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. TD Cowen decreased their target price on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Mizuho lowered their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.25.

Genpact Stock Up 5.9%

The company’s 50 day simple moving average is $30.76 and its 200-day simple moving average is $35.70. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market cap of $6.21 billion, a P/E ratio of 11.24, a PEG ratio of 0.98 and a beta of 0.61.

Genpact (NYSE:G) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The firm had revenue of $1.30 billion during the quarter. Research analysts forecast that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s payout ratio is 23.01%.

Institutional Investors Weigh In On Genpact

A number of hedge funds have recently added to or reduced their stakes in G. Qsemble Capital Management LP purchased a new position in Genpact in the fourth quarter worth about $3,258,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Genpact by 30.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 145,336 shares of the business services provider’s stock valued at $6,810,000 after purchasing an additional 34,039 shares during the last quarter. LSV Asset Management increased its position in shares of Genpact by 15.1% during the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider’s stock valued at $115,435,000 after purchasing an additional 324,345 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in shares of Genpact by 19.6% in the 4th quarter. Beaumont Financial Advisors LLC now owns 82,048 shares of the business services provider’s stock worth $3,838,000 after purchasing an additional 13,425 shares during the period. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Genpact in the 4th quarter worth approximately $23,777,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.