Genpact Limited (G) - What Are Brokerages Thinking About This Stock?

Key Points

• Brokerages maintain a “Hold” consensus on Genpact, with seven hold ratings and two buys. The average 12-month price target is $39.33, modestly above the reported $37.72 share price.
• Genpact reported quarterly revenue of $1.34 billion and earnings of $1.00 per share, while analysts expect full-year EPS of $3.66. The company also declared a quarterly dividend of $0.1875, implying a 2.0% annualized yield.
• Institutional investors own 96.03% of Genpact’s shares, with several major firms increasing their stakes. An insider separately sold 6,191 shares, reducing their holdings by 8.1%.

Genpact Limited (NYSE:G - Get Free Report) has received a consensus recommendation of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat reports. Seven research 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 brokerages that have issued a report on the stock in the last year is $39.33.

Several brokerages recently commented on G. TD Cowen lifted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Weiss Ratings raised shares of Genpact from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, October 14th. Citigroup increased their price target on shares of Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Needham & Company LLC cut their price objective on shares of Genpact from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Finally, BMO Capital Markets restated a "market perform" rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th.

Genpact Trading Up 1.2%

Genpact stock opened at $37.72 on Tuesday. The stock has a 50-day simple moving average of $35.31 and a 200 day simple moving average of $33.49. The stock has a market capitalization of $6.31 billion, a P/E ratio of 11.19, a PEG ratio of 0.99 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact has a 52 week low of $26.85 and a 52 week high of $48.64.

Genpact (NYSE:G - Get Free Report) 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 firm had revenue of $1.34 billion for the quarter. Analysts expect that Genpact will post 3.66 earnings per share for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. Genpact's dividend payout ratio is presently 22.26%.

Insider Buying and Selling at Genpact

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

Institutional Trading of Genpact

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Genpact by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider's stock valued at $208,965,000 after acquiring an additional 598,877 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Genpact by 10.2% in the first quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider's stock worth $89,996,000 after purchasing an additional 222,899 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in Genpact in the first quarter valued at $30,037,000. Pacer Advisors Inc. increased its holdings in Genpact by 40.7% in the first quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider's stock valued at $28,504,000 after purchasing an additional 221,536 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in Genpact by 172.5% in the first quarter. Rice Hall James & Associates LLC now owns 704,124 shares of the business services provider's stock valued at $26,229,000 after purchasing an additional 445,743 shares during the period. 96.03% of the stock is currently owned by institutional investors.

About Genpact

Genpact NYSE: G is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.

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