Genpact Limited (NYSE:G) has been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $34.61.
G has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Genpact in a report on Tuesday, February 13th. BMO Capital Markets raised their price target on Genpact to $35.00 and gave the company a “market perform” rating in a report on Tuesday, February 13th. Zacks Investment Research cut Genpact from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lowered their price objective on Genpact from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Citigroup lowered their price objective on Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research note on Tuesday, February 13th.
Genpact (G) opened at $32.27 on Wednesday. The firm has a market capitalization of $6,230.00, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.71 and a current ratio of 1.71. Genpact has a 1-year low of $23.34 and a 1-year high of $34.79.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.93%. This is a positive change from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. Genpact’s dividend payout ratio (DPR) is presently 22.22%.
In related news, SVP Arvinder Singh sold 22,855 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $32.23, for a total transaction of $736,616.65. Following the completion of the sale, the senior vice president now directly owns 37,623 shares of the company’s stock, valued at approximately $1,212,589.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Madden sold 4,270 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total value of $132,028.40. The disclosure for this sale can be found here. Insiders sold a total of 49,815 shares of company stock valued at $1,638,971 over the last ninety days. Corporate insiders own 1.41% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Genpact by 13.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,646 shares of the business services provider’s stock worth $1,131,000 after acquiring an additional 4,297 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of Genpact during the 4th quarter worth approximately $4,105,000. We Are One Seven LLC bought a new stake in shares of Genpact during the 4th quarter worth approximately $383,000. Westwood Holdings Group Inc. bought a new stake in Genpact during the 4th quarter valued at $24,974,000. Finally, Macquarie Group Ltd. raised its position in Genpact by 1,561.4% during the 4th quarter. Macquarie Group Ltd. now owns 73,100 shares of the business services provider’s stock valued at $2,497,000 after purchasing an additional 68,700 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.
Genpact Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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