Genpact Limited (NYSE:G) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.18.
A number of brokerages have recently issued reports on G. Deutsche Bank increased their target price on Genpact from $36.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Genpact in a report on Friday, November 8th. Bank of America increased their price objective on Genpact from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Wedbush boosted their target price on shares of Genpact from $33.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, ValuEngine cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.
In other Genpact news, Director David Humphrey sold 12,916,004 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $39.87, for a total transaction of $514,961,079.48. Following the completion of the transaction, the director now directly owns 34,907 shares in the company, valued at approximately $1,391,742.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.86% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Genpact by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,541,672 shares of the business services provider’s stock worth $553,893,000 after purchasing an additional 869,051 shares during the last quarter. Brown Advisory Inc. boosted its position in Genpact by 2.0% during the second quarter. Brown Advisory Inc. now owns 13,288,648 shares of the business services provider’s stock worth $506,163,000 after acquiring an additional 264,797 shares during the last quarter. BlackRock Inc. grew its stake in Genpact by 11.3% in the 2nd quarter. BlackRock Inc. now owns 10,568,253 shares of the business services provider’s stock worth $402,546,000 after acquiring an additional 1,071,669 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Genpact by 0.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,431,295 shares of the business services provider’s stock worth $130,698,000 after acquiring an additional 9,744 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Genpact by 37.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,337,257 shares of the business services provider’s stock valued at $89,026,000 after acquiring an additional 636,974 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
Genpact stock traded up $0.56 during trading hours on Friday, reaching $40.41. 2,249,357 shares of the stock were exchanged, compared to its average volume of 1,062,193. Genpact has a 52-week low of $25.48 and a 52-week high of $44.55. The stock has a market cap of $7.73 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50 day moving average is $39.61 and its 200 day moving average is $38.93.
Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $888.80 million for the quarter, compared to analyst estimates of $884.91 million. Genpact had a net margin of 8.84% and a return on equity of 21.42%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. Equities research analysts expect that Genpact will post 1.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 9th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.34 dividend on an annualized basis and a yield of 0.84%. Genpact’s payout ratio is 21.25%.
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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