Genpact Limited (NYSE:G) Receives Consensus Recommendation of “Hold” from Analysts

Genpact Limited (NYSE:G) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.78.

Several brokerages have commented on G. Jefferies Financial Group lifted their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. BMO Capital Markets upped their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC boosted their price objective on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, TD Cowen raised their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th.

Hedge Funds Weigh In On Genpact

A number of large investors have recently added to or reduced their stakes in G. Wells Fargo & Company MN increased its stake in Genpact by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 231,105 shares of the business services provider’s stock worth $8,022,000 after buying an additional 25,835 shares in the last quarter. Corient Private Wealth LLC raised its stake in Genpact by 46.6% in the 4th quarter. Corient Private Wealth LLC now owns 15,402 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 4,899 shares during the last quarter. Parallel Advisors LLC raised its stake in Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 347 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Genpact in the 4th quarter valued at $487,000. Finally, Bell Asset Management Ltd boosted its stake in Genpact by 9.1% during the 4th quarter. Bell Asset Management Ltd now owns 343,551 shares of the business services provider’s stock worth $11,925,000 after purchasing an additional 28,594 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Price Performance

NYSE G opened at $39.27 on Friday. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. The stock’s fifty day moving average price is $37.70 and its 200 day moving average price is $34.22. Genpact has a 1 year low of $29.41 and a 1 year high of $39.95.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts forecast that Genpact will post 2.85 earnings per share for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Wednesday, September 11th. Genpact’s payout ratio is 17.43%.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.