Genpact Limited (NYSE:G) Receives $42.55 Consensus PT from Analysts

Shares of Genpact Limited (NYSE:G) have been given an average rating of “Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.55.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Genpact from a “neutral” rating to an “overweight” rating in a research report on Sunday, April 19th. Wells Fargo & Co boosted their target price on shares of Genpact from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. BMO Capital Markets lowered their price objective on shares of Genpact from $50.00 to $41.00 and set a “market perform” rating for the company in a research note on Tuesday, May 12th. TheStreet upgraded shares of Genpact from a “c+” rating to a “b-” rating in a report on Friday, May 8th. Finally, Robert W. Baird upped their price objective on shares of Genpact from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th.

Shares of NYSE:G opened at $35.15 on Friday. The company’s fifty day moving average price is $36.07 and its 200-day moving average price is $36.78. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.67 and a beta of 1.12. Genpact has a one year low of $19.41 and a one year high of $45.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.57 and a quick ratio of 1.57.

Genpact (NYSE:G) last issued its quarterly earnings data on Monday, May 11th. The business services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The business had revenue of $923.19 million during the quarter, compared to analyst estimates of $894.39 million. Genpact had a net margin of 9.07% and a return on equity of 22.33%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, equities research analysts expect that Genpact will post 1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were given a dividend of $0.097 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 25.00%.

In related news, SVP Heather White sold 5,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $36.95, for a total transaction of $184,750.00. Also, CFO Edward J. Fitzpatrick purchased 5,600 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $33.72 per share, for a total transaction of $188,832.00. Following the completion of the purchase, the chief financial officer now directly owns 193,693 shares of the company’s stock, valued at $6,531,327.96. The disclosure for this purchase can be found here. Company insiders own 1.86% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Genpact by 25.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,089,362 shares of the business services provider’s stock valued at $148,610,000 after buying an additional 1,047,329 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Genpact by 68.6% in the 1st quarter. Alliancebernstein L.P. now owns 4,259,059 shares of the business services provider’s stock worth $124,365,000 after purchasing an additional 1,732,212 shares during the period. Fiduciary Management Inc. WI lifted its position in shares of Genpact by 4.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 3,713,272 shares of the business services provider’s stock worth $108,428,000 after purchasing an additional 148,268 shares during the period. Norges Bank purchased a new stake in shares of Genpact in the 4th quarter worth about $110,322,000. Finally, State Street Corp lifted its position in shares of Genpact by 6.0% in the 1st quarter. State Street Corp now owns 2,240,565 shares of the business services provider’s stock worth $65,424,000 after purchasing an additional 127,658 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Analyst Recommendations for Genpact (NYSE:G)

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