Genpact Limited (NYSE:G) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Genpact Limited (NYSE:G - Get Free Report) have earned a consensus rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $50.14.

Several research analysts have recently commented on G shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Genpact in a report on Monday. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Mizuho upped their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Robert W. Baird lowered their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th.

Insider Activity

In other Genpact news, Director Nicholas C. Gangestad bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.07% of the company's stock.

Hedge Funds Weigh In On Genpact

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in Genpact by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock valued at $522,000 after purchasing an additional 3,849 shares during the period. 111 Capital bought a new position in shares of Genpact in the 4th quarter valued at $301,000. Pictet Asset Management Holding SA bought a new stake in Genpact during the 4th quarter worth approximately $921,000. Proficio Capital Partners LLC acquired a new stake in Genpact during the 4th quarter worth about $983,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Genpact in the first quarter valued at approximately $2,396,000. Institutional investors own 96.03% of the company's stock.

Genpact Trading Up 0.0%

NYSE G traded up $0.02 during mid-day trading on Tuesday, reaching $44.99. 1,512,854 shares of the stock were exchanged, compared to its average volume of 1,409,849. The stock has a market capitalization of $7.87 billion, a PE ratio of 15.04, a PEG ratio of 1.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45. Genpact has a 1-year low of $30.38 and a 1-year high of $56.76. The business's fifty day simple moving average is $44.44 and its 200 day simple moving average is $46.90.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Genpact will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Wednesday, June 18th. Genpact's dividend payout ratio (DPR) is currently 23.21%.

About Genpact

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.