Genpact Limited (NYSE:G) Receives Average Recommendation of “Hold” from Brokerages

Shares of Genpact Limited (NYSE:G) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.2857.

G has been the topic of several research reports. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Mizuho lowered their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock 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 on the stock in a research report on Monday, May 11th. Citigroup lowered their price objective on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the sale, the chief executive officer owned 525,007 shares of the company’s stock, valued at $21,404,535.39. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.58% of the stock is currently owned by insiders.

Institutional Trading of Genpact

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Genpact by 2.6% in the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after buying an additional 241 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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. Verdence Capital Advisors LLC raised its stake in shares of Genpact by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock worth $565,000 after buying an additional 271 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of Genpact by 2.4% in the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after buying an additional 272 shares in the last quarter. Finally, OneAscent Investment Solutions LLC raised its stake in shares of Genpact by 3.7% in the 3rd quarter. OneAscent Investment Solutions LLC now owns 7,770 shares of the business services provider’s stock worth $325,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Price Performance

G stock opened at $32.40 on Friday. Genpact has a twelve month low of $28.78 and a twelve month high of $48.64. 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 company has a market capitalization of $5.49 billion, a P/E ratio of 9.94, a PEG ratio of 0.89 and a beta of 0.61. The business has a 50 day simple moving average of $34.77 and a 200-day simple moving average of $40.49.

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

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.3%. Genpact’s payout ratio is presently 23.01%.

Genpact Company Profile

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.