Genpact (NYSE:G) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Genpact (NYSE:G) had its price target raised by Needham & Company LLC from $42.00 to $55.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other analysts have also recently weighed in on G. TD Cowen boosted their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets upped their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, Robert W. Baird upped their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.33.

Genpact Trading Down 1.8 %

NYSE G opened at $45.09 on Monday. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. Genpact has a twelve month low of $30.23 and a twelve month high of $47.98. The company has a quick ratio of 1.89, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $39.48 and its 200 day moving average is $35.86.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is currently 16.76%.

Hedge Funds Weigh In On Genpact

A number of large investors have recently modified their holdings of G. Russell Investments Group Ltd. raised its stake in shares of Genpact by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock worth $8,768,000 after purchasing an additional 47,754 shares during the last quarter. Vanguard Group Inc. raised its position in Genpact by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after buying an additional 218,526 shares during the last quarter. Jensen Investment Management Inc. lifted its stake in Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock valued at $7,449,000 after acquiring an additional 11,410 shares in the last quarter. Magnetar Financial LLC boosted its holdings in Genpact by 46.9% during the 1st quarter. Magnetar Financial LLC now owns 96,560 shares of the business services provider’s stock worth $3,182,000 after acquiring an additional 30,821 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Genpact by 53.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock worth $1,580,000 after acquiring an additional 17,034 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Company Profile

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.