Genpact (NYSE:G) Trading Up 7.1% – What’s Next?

Genpact Limited (NYSE:GGet Free Report) shares rose 7.1% during mid-day trading on Tuesday . The stock traded as high as $34.28 and last traded at $34.4640. Approximately 189,604 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,503,331 shares. The stock had previously closed at $32.18.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on G shares. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a report on Friday, July 10th. Mizuho reduced their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. TD Cowen cut their price target on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Susquehanna lowered their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Citigroup decreased their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.25.

Check Out Our Latest Stock Analysis on G

Genpact Stock Performance

The firm has a market cap of $5.86 billion, a PE ratio of 10.60, a P/E/G ratio of 0.88 and a beta of 0.61. 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 50 day moving average price is $30.61 and its 200 day moving average price is $35.87.

Genpact (NYSE:GGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The company had revenue of $1.30 billion for the quarter. As a group, equities analysts forecast that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.2%. Genpact’s dividend payout ratio is currently 23.01%.

Institutional Trading of Genpact

Several large investors have recently made changes to their positions in the stock. Osbon Capital Management LLC bought a new stake in Genpact during the fourth quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in Genpact in the 4th quarter valued at $30,000. iSAM Funds UK Ltd bought a new position in Genpact in the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new position in Genpact during the 3rd quarter worth $29,000. Finally, Larson Financial Group LLC boosted its holdings in Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 574 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

(Get Free Report)

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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