Genpact (NYSE:G) Stock Jumps 6.4% – What’s Next?

Genpact Limited (NYSE:G)’s stock price was up 6.4% during mid-day trading on Thursday. The stock traded as high as $34.75 and last traded at $34.6180. Approximately 164,475 shares traded hands during trading, a decline of 93% from the average daily volume of 2,449,872 shares. The stock had previously closed at $32.53.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on G. Susquehanna increased their price objective on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. 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. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research note on Friday, July 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Genpact in a report on Monday, September 21st. Finally, Citigroup boosted their price objective on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Genpact presently has a consensus rating of “Hold” and a consensus target price of $39.33.

Genpact Stock Performance

The company has a market cap of $5.81 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. The firm has a 50-day simple moving average of $35.14 and a 200 day simple moving average of $33.75. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The company had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. On average, sell-side analysts predict that Genpact Limited will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.1875 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.2%. Genpact’s payout ratio is currently 22.26%.

Insider Activity at Genpact

In other news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

Several institutional investors have recently added to or reduced their stakes in G. Osbon Capital Management LLC acquired a new stake in Genpact during the 4th quarter worth approximately $25,000. WPG Advisers LLC increased its holdings in shares of Genpact by 74.6% in the first quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 443 shares during the period. Basecamp Wealth Advisors LLC raised its stake in shares of Genpact by 54.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Genpact by 22.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider’s stock worth $63,000 after purchasing an additional 312 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Genpact by 315.6% during the first quarter. Root Financial Partners LLC now owns 2,078 shares of the business services provider’s stock worth $77,000 after purchasing an additional 1,578 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Company Profile

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.