Genpact Limited (NYSE:G) Plans Quarterly Dividend of $0.09

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Genpact Limited (NYSE:G) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.085 per share by the business services provider on Wednesday, December 18th. This represents a $0.34 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, December 6th.

Shares of NYSE:G traded up $0.45 during trading on Wednesday, reaching $40.30. 9,486 shares of the company’s stock traded hands, compared to its average volume of 1,492,628. The stock has a market capitalization of $7.73 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. Genpact has a 12 month low of $25.48 and a 12 month high of $44.55. The company has a 50 day moving average of $39.61 and a 200-day moving average of $38.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.46 and a quick ratio of 1.46.

Genpact (NYSE:G) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. Genpact had a return on equity of 21.42% and a net margin of 8.84%. The company had revenue of $888.80 million during the quarter, compared to the consensus estimate of $884.91 million. During the same period in the previous year, the firm posted $0.48 earnings per share. Genpact’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities research analysts predict that Genpact will post 1.7 earnings per share for the current fiscal year.

In other Genpact news, Director David Humphrey sold 12,916,004 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $39.87, for a total value of $514,961,079.48. Following the completion of the sale, the director now directly owns 34,907 shares of the company’s stock, valued at $1,391,742.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.86% of the stock is owned by company insiders.

A number of research firms have issued reports on G. Cantor Fitzgerald increased their target price on Genpact from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Bank of America upped their target price on Genpact from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating and set a $43.00 target price for the company in a research note on Thursday, September 12th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Genpact in a report on Friday, November 8th. Finally, Deutsche Bank boosted their price target on Genpact from $36.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.18.

Genpact Company Profile

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.

Further Reading: Retained Earnings

Dividend History for Genpact (NYSE:G)

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