Brokerages Set Genpact Limited (NYSE:G) PT at $39.33

Shares of Genpact Limited (NYSE:G) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.3333.

A number of equities analysts recently issued reports on G shares. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a report on Friday, July 10th. Robert W. Baird cut their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. TD Cowen upped their target price on shares of Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 7th. Mizuho lowered their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 target price on shares of Genpact in a research report on Friday, August 7th.

Genpact Stock Down 0.6%

Genpact stock opened at $37.45 on Monday. The stock has a market cap of $6.29 billion, a PE ratio of 11.11, a P/E/G ratio of 1.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s fifty day moving average is $33.01 and its two-hundred day moving average is $34.37. Genpact has a 1-year low of $26.85 and a 1-year high of $48.64.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%.The business had revenue of $1.34 billion during the quarter. On average, sell-side analysts expect that Genpact will post 3.66 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio is currently 22.26%.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.58% of the company’s stock.

Institutional Trading of Genpact

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Genpact by 19.7% during the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after buying an additional 20,043 shares during the last quarter. Amundi purchased a new stake in Genpact in the first quarter valued at approximately $58,000. Goldman Sachs Group Inc. lifted its stake in Genpact by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock valued at $17,788,000 after buying an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Genpact by 12.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock valued at $25,776,000 after acquiring an additional 56,557 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Genpact by 10.3% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 488 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.