Genpact Limited (NYSE:G) Declares Quarterly Dividend of $0.17

Genpact Limited (NYSE:G - Get Free Report) announced a quarterly dividend on Thursday, July 10th, RTT News reports. Shareholders of record on Thursday, September 11th will be paid a dividend of 0.17 per share by the business services provider on Thursday, September 25th. This represents a $0.68 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 11th.

Genpact has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 19.5%.

Genpact Stock Down 2.2%

NYSE G traded down $1.00 during midday trading on Friday, hitting $44.30. 1,127,913 shares of the company traded hands, compared to its average volume of 1,420,223. The company's 50-day simple moving average is $43.93 and its 200-day simple moving average is $47.09. The company has a market cap of $7.75 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact has a 52 week low of $32.18 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that Genpact will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on G. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Mizuho upped their target price on Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Robert W. Baird reduced their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Genpact in a research note on Monday, June 30th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Genpact presently has an average rating of "Moderate Buy" and a consensus target price of $50.14.

Insider Buying and Selling

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, with a total value of $87,940.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $87,940. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Genpact

Several hedge funds have recently modified their holdings of the company. Focus Partners Wealth raised its position in shares of Genpact by 10.3% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider's stock worth $263,000 after purchasing an additional 488 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Genpact by 12.4% during the 1st 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 worth $25,776,000 after purchasing an additional 56,557 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Genpact by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider's stock worth $17,788,000 after purchasing an additional 60,887 shares during the last quarter. Amundi acquired a new position in shares of Genpact during the 1st quarter worth about $58,000. Finally, Royal Bank of Canada raised its position in shares of 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 purchasing an additional 20,043 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.