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 research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research firms have also weighed in on G. Susquehanna boosted their target price on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price target on shares of Genpact in a research report on Friday, August 7th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Citigroup upped their price objective on Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. 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, the company currently has a consensus rating of “Hold” and an average price target of $39.33.

Genpact Price Performance

NYSE G opened at $38.02 on Friday. The business’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $34.36. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a market cap of $6.39 billion, a PE ratio of 11.28, a P/E/G ratio of 1.01 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 announced its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The firm had revenue of $1.34 billion during the quarter. As a group, equities analysts anticipate that Genpact will post 3.66 earnings per share for the current year.

Genpact Announces Dividend

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 paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is 22.26%.

Insiders Place Their Bets

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of Genpact 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 sale, the senior vice president directly owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genpact

Several large investors have recently made changes to their positions in G. Northwestern Mutual Wealth Management Co. boosted its position in shares of Genpact by 47.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock worth $39,000 after purchasing an additional 265 shares during the period. AlphaCore Capital LLC raised its position in Genpact by 2.4% in the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 272 shares during the period. Flynn Zito Capital Management LLC lifted its stake in Genpact by 4.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after purchasing an additional 288 shares in the last quarter. OneAscent Family Office LLC lifted its stake in Genpact by 5.0% during the fourth quarter. OneAscent Family Office LLC now owns 5,991 shares of the business services provider’s stock worth $280,000 after purchasing an additional 288 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Genpact by 8.8% during 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 period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.