Genpact Limited (NYSE:G) Given Average Rating of "Hold" by Brokerages

Genpact Limited (NYSE:G - Get Free Report) has received an average recommendation of "Hold" from the nine analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.44.

G has been the topic of several analyst reports. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC raised their price target on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Mizuho upped their price objective on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st.

Genpact Stock Down 1.9 %

Shares of G traded down $0.91 during midday trading on Thursday, hitting $46.69. The stock had a trading volume of 954,409 shares, compared to its average volume of 1,345,755. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $46.18. Genpact has a twelve month low of $30.38 and a twelve month high of $56.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G - Get Free Report) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, analysts anticipate that Genpact will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. This is a boost from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. Genpact's payout ratio is 23.94%.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed 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

A number of hedge funds and other institutional investors have recently modified their holdings of G. Coppell Advisory Solutions LLC grew its position in Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after buying an additional 503 shares in the last quarter. SRH Advisors LLC bought a new stake in shares of Genpact during the 4th quarter valued at $26,000. Atlas Capital Advisors Inc. grew its holdings in shares of Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of Genpact in the fourth quarter worth $38,000. Finally, GeoWealth Management LLC raised its stake in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

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.