Genpact (NYSE:G) Trading Down 7.2% – Here’s Why

Genpact Limited (NYSE:G) shares dropped 7.2% on Thursday . The company traded as low as $27.37 and last traded at $28.1150. Approximately 484,921 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,514,898 shares. The stock had previously closed at $30.31.

Analyst Upgrades and Downgrades

G has been the topic of several recent research reports. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Robert W. Baird lowered their target price on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Citigroup lowered their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Mizuho lowered their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and a consensus target price of $43.29.

Genpact Stock Performance

The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.88 and a beta of 0.58. The company’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $39.30. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The firm had revenue of $1.30 billion for the quarter. On average, equities research analysts expect that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, June 10th. Genpact’s payout ratio is currently 23.01%.

Hedge Funds Weigh In On Genpact

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Genpact by 2.6% in the fourth quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 241 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Genpact by 47.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 265 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Genpact by 2.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 271 shares during the period. AlphaCore Capital LLC boosted its position in shares of Genpact by 2.4% in the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after acquiring an additional 272 shares during the period. Finally, Flynn Zito Capital Management LLC boosted its position in shares of Genpact by 4.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 288 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.