Genpact (NYSE:G) Price Target Raised to $40.00

Genpact (NYSE:G) had its price objective hoisted by Susquehanna from $37.00 to $40.00 in a research report released on Thursday morning, Marketbeat.com reports. Susquehanna currently has a neutral rating on the business services provider’s stock.

G has been the subject of several other reports. Citigroup boosted their price objective on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Needham & Company LLC lowered their target price on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. TD Cowen raised their target price on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Genpact from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus target price of $39.67.

Genpact Trading Down 2.2%

Genpact stock opened at $40.86 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $35.80 and a two-hundred day moving average price of $33.59. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.09 and a beta of 0.57. Genpact has a 52-week low of $26.85 and a 52-week high of $48.64.

Genpact (NYSE:G) last posted its earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The firm had revenue of $1.34 billion during the quarter. Sell-side analysts expect that Genpact will post 3.66 earnings per share for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, December 10th. Genpact’s dividend payout ratio is currently 22.26%.

Insider Buying and Selling

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

Institutional Trading of Genpact

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in shares of Genpact by 8.8% in the first quarter. Fifth Third Bancorp now owns 3,691 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 300 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in 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 in the last quarter. Basecamp Wealth Advisors LLC lifted its position in Genpact by 54.7% in 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 period. Janney Montgomery Scott LLC lifted its position in Genpact by 2.4% in the first quarter. Janney Montgomery Scott LLC now owns 17,309 shares of the business services provider’s stock worth $645,000 after purchasing an additional 410 shares during the period. Finally, WPG Advisers LLC lifted its position in Genpact by 74.6% in the first quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock worth $39,000 after purchasing an additional 443 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

About Genpact

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.