Genpact Limited (NYSE:G) Given Consensus Rating of “Hold” by Brokerages

Shares of Genpact Limited (NYSE:G) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.63.

Several research firms have issued reports on G. TD Cowen raised their price target on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC lifted their target price on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets lifted their price objective on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th.

Genpact Trading Up 0.3 %

Shares of NYSE:G opened at $38.33 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50-day moving average is $35.29 and its 200-day moving average is $33.64. The company has a market cap of $6.90 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.64 and a beta of 1.13. Genpact has a 52-week low of $29.41 and a 52-week high of $39.95.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Equities research analysts predict that Genpact will post 2.85 earnings per share for the current year.

Genpact Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a $0.1525 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.59%. Genpact’s dividend payout ratio is currently 17.43%.

Institutional Trading of Genpact

A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in Genpact by 12.5% during the fourth quarter. Russell Investments Group Ltd. now owns 218,346 shares of the business services provider’s stock worth $7,579,000 after buying an additional 24,259 shares during the last quarter. New York Life Investment Management LLC acquired a new position in shares of Genpact in the 4th quarter worth approximately $620,000. Summit Trail Advisors LLC grew its position in Genpact by 5.6% during the 4th quarter. Summit Trail Advisors LLC now owns 15,828 shares of the business services provider’s stock worth $549,000 after acquiring an additional 833 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Genpact by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,073,016 shares of the business services provider’s stock valued at $37,244,000 after purchasing an additional 26,084 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in Genpact in the 4th quarter valued at $25,000. 96.03% of the stock is currently owned by institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.