Genpact Limited (NYSE:G – Get Free Report) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $43.2857.
G has been the topic of several recent analyst reports. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Genpact in a research note on Friday, May 8th. Citigroup lowered their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a research note on Friday, May 8th.
View Our Latest Stock Analysis on G
Insider Activity at Genpact
Institutional Investors Weigh In On Genpact
Several large investors have recently added to or reduced their stakes in G. Royal Bank of Canada increased its holdings in Genpact by 19.7% in the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after acquiring an additional 20,043 shares during the last quarter. Amundi purchased a new stake in Genpact in the 1st quarter worth about $58,000. Goldman Sachs Group Inc. increased its holdings in Genpact by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after acquiring an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Genpact by 12.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock worth $25,776,000 after acquiring an additional 56,557 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in Genpact by 10.3% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock worth $263,000 after acquiring an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
Genpact Price Performance
Shares of NYSE:G opened at $31.15 on Friday. 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 stock’s fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $40.63. Genpact has a 1-year low of $28.78 and a 1-year high of $48.64. The stock has a market cap of $5.28 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.90 and a beta of 0.61.
Genpact (NYSE:G – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion for the quarter. As a group, analysts forecast that Genpact will post 3.64 EPS for the current fiscal year.
Genpact Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 10th. Genpact’s payout ratio is presently 23.01%.
About Genpact
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.
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