Genpact Limited (NYSE:G) Given Average Recommendation of “Hold” by Brokerages

Shares of Genpact Limited (NYSE:G) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.25.

G has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Susquehanna dropped their price objective on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings cut shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, TD Cowen dropped their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Qsemble Capital Management LP purchased a new position in Genpact during the fourth quarter worth about $3,258,000. Mork Capital Management LLC acquired a new position in Genpact during the third quarter worth $1,257,000. Northstar Advisory Group LLC acquired a new position in Genpact during the 4th quarter worth about $1,548,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Genpact by 145.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,835 shares of the business services provider’s stock worth $4,271,000 after purchasing an additional 53,294 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in Genpact by 157.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock worth $78,091,000 after buying an additional 1,141,480 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Down 1.1%

G stock traded down $0.33 during trading on Friday, hitting $29.31. 1,798,861 shares of the company’s stock traded hands, compared to its average volume of 2,532,176. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The business has a fifty day simple moving average of $30.88 and a two-hundred day simple moving average of $37.24. The firm has a market capitalization of $4.97 billion, a P/E ratio of 8.99, a PEG ratio of 0.83 and a beta of 0.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:G) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. Sell-side analysts anticipate that Genpact will post 3.64 EPS for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a $0.1875 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.6%. Genpact’s dividend payout ratio is 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.