Wall Street Zen upgraded shares of Genpact (NYSE:G – Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.
Other research analysts also recently issued reports about the company. TD Cowen upped their price target on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 7th. Robert W. Baird reduced their price objective on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Susquehanna boosted their target price on Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Mizuho lowered their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Genpact has an average rating of “Hold” and a consensus target price of $39.33.
View Our Latest Analysis on Genpact
Genpact Price Performance
Genpact (NYSE:G – Get Free Report) last released 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 return on equity of 23.34% and a net margin of 11.04%.The business had revenue of $1.34 billion for the quarter. As a group, equities research analysts anticipate that Genpact will post 3.66 earnings per share for the current fiscal year.
Genpact Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio is presently 22.26%.
Insider Buying and Selling at Genpact
In other news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.58% of the stock is owned by insiders.
Institutional Trading of Genpact
A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in Genpact by 47.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock worth $39,000 after buying an additional 265 shares in the last quarter. AlphaCore Capital LLC raised its holdings in Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after acquiring an additional 272 shares during the period. Flynn Zito Capital Management LLC lifted its position in shares of Genpact by 4.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 288 shares in the last quarter. OneAscent Family Office LLC boosted its stake in shares of Genpact by 5.0% in the fourth quarter. OneAscent Family Office LLC now owns 5,991 shares of the business services provider’s stock worth $280,000 after acquiring an additional 288 shares during the period. Finally, Fifth Third Bancorp grew 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 purchasing an additional 300 shares in the last quarter. Hedge funds and other 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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