Genpact Limited (NYSE:G) Receives $47.29 Consensus Price Target from Analysts

Shares of Genpact Limited (NYSE:G) have received an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $47.2857.

A number of research analysts have commented on the stock. Needham & Company LLC decreased their target price on shares of Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Susquehanna set a $42.00 price target on shares of Genpact in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Mizuho lowered their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th.

Insiders Place Their Bets

In related news, SVP Sameer Dewan sold 15,088 shares of Genpact stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the transaction, the senior vice president owned 37,749 shares in the company, valued at approximately $1,760,990.85. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Riju Vashisht sold 16,016 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the sale, the senior vice president directly owned 95,521 shares in the company, valued at approximately $4,456,054.65. The trade was a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,904 shares of company stock worth $1,565,158 over the last three months. Company insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Genpact by 90.9% in the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after acquiring an additional 3,131,643 shares in the last quarter. FIL Ltd raised its stake in shares of Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock valued at $224,678,000 after acquiring an additional 2,562,484 shares in the last quarter. Norges Bank purchased a new position in Genpact in the second quarter valued at $52,819,000. Clark Capital Management Group Inc. boosted its holdings in Genpact by 157.9% in the third quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock valued at $78,091,000 after purchasing an additional 1,141,480 shares during the period. Finally, Invesco Ltd. grew its stake in Genpact by 334.9% during the 2nd quarter. Invesco Ltd. now owns 1,403,292 shares of the business services provider’s stock worth $61,759,000 after purchasing an additional 1,080,602 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of NYSE G opened at $37.72 on Thursday. The firm has a 50-day simple moving average of $39.29 and a 200-day simple moving average of $42.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74. Genpact has a 52 week low of $34.79 and a 52 week high of $50.41.

Genpact (NYSE:G) last posted its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Genpact had a net margin of 10.88% and a return on equity of 22.02%. Genpact’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. On average, equities analysts predict that Genpact will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.1875 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.75 annualized dividend and a yield of 2.0%. This is an increase from Genpact’s previous quarterly dividend of $0.17. Genpact’s dividend payout ratio is presently 23.96%.

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.