Genpact Limited (NYSE:G) Stock Has Consensus Price Target of $39.33

Shares of Genpact Limited (NYSE:G) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.33.

Several equities analysts have commented on the stock. Susquehanna increased their price objective on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Citigroup boosted their target price on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 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 research report on Friday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Genpact in a research report on Monday, September 21st. Finally, Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, September 12th.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Genpact

Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its holdings in Genpact by 1.4% during the 2nd quarter. QRG Capital Management Inc. now owns 42,928 shares of the business services provider’s stock valued at $1,181,000 after buying an additional 584 shares during the period. Sequoia Financial Advisors LLC increased its position in Genpact by 57.8% during the second quarter. Sequoia Financial Advisors LLC now owns 17,806 shares of the business services provider’s stock valued at $490,000 after acquiring an additional 6,520 shares during the last quarter. Tidal Investments LLC increased its position in Genpact by 135.5% during the second quarter. Tidal Investments LLC now owns 57,011 shares of the business services provider’s stock valued at $1,568,000 after acquiring an additional 32,805 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Genpact by 178.8% in the second quarter. WINTON GROUP Ltd now owns 48,666 shares of the business services provider’s stock valued at $1,338,000 after acquiring an additional 31,213 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Genpact by 42.9% in the second quarter. Engineers Gate Manager LP now owns 224,729 shares of the business services provider’s stock valued at $6,180,000 after acquiring an additional 67,482 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

NYSE G opened at $33.12 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. Genpact has a 1-year low of $26.85 and a 1-year high of $48.64. The business has a 50 day simple moving average of $35.00 and a two-hundred day simple moving average of $33.88. The stock has a market capitalization of $5.56 billion, a PE ratio of 9.83, a P/E/G ratio of 0.88 and a beta of 0.58.

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

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.3%. Genpact’s dividend payout ratio is 22.26%.

Genpact Company Profile

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.