Genpact Limited (NYSE:G – Get Free Report) shares traded down 7.2% on Thursday . The stock traded as low as $27.37 and last traded at $28.1150. 484,921 shares were traded during mid-day trading, a decline of 81% from the average session volume of 2,514,898 shares. The stock had previously closed at $30.31.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Mizuho lowered their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Robert W. Baird lowered their price objective on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Citigroup lowered their price objective on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Genpact has an average rating of “Hold” and a consensus price target of $43.29.
Get Our Latest Stock Analysis on G
Genpact Stock Down 6.3%
Genpact (NYSE:G – Get Free Report) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $1.30 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. As a group, equities research analysts expect that Genpact Limited will post 3.64 EPS for the current year.
Genpact Dividend Announcement
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 $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is 23.01%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Osbon Capital Management LLC bought a new position in Genpact during the 4th quarter worth approximately $25,000. iSAM Funds UK Ltd bought a new position in Genpact during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new position in Genpact during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in Genpact during the 4th quarter worth approximately $30,000. Finally, Shell Asset Management Co. bought a new position in Genpact in the third quarter valued at approximately $33,000. Institutional investors own 96.03% of the company’s stock.
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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