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

Genpact Limited (NYSE:G - Get Free Report) announced a quarterly dividend on Friday, June 6th, RTT News reports. Stockholders of record on Wednesday, June 18th will be given a dividend of 0.17 per share by the business services provider on Monday, June 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, June 18th.

Genpact has a payout ratio of 18.2% meaning 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 Up 0.2%

Shares of G stock traded up $0.07 during trading hours on Monday, reaching $43.20. 2,395,192 shares of the company's stock were exchanged, compared to its average volume of 1,381,663. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $45.83 and its 200-day moving average is $47.22. Genpact has a fifty-two week low of $30.38 and a fifty-two week high of $56.76. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.84 and a beta of 0.94.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.73 EPS. Genpact's quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Genpact will post 3.21 earnings per share for the current fiscal year.

Insider Activity at Genpact

In other Genpact news, Director Nicholas C. Gangestad bought 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares of the company's stock, valued at $15,167,926.94. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genpact

A number of large investors have recently added to or reduced their stakes in G. Royal Bank of Canada grew its holdings in Genpact by 19.7% in the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider's stock valued at $6,131,000 after buying an additional 20,043 shares in the last quarter. Amundi acquired a new position in Genpact during the first quarter worth approximately $58,000. Goldman Sachs Group Inc. grew its stake in shares of Genpact by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider's stock valued at $17,788,000 after purchasing an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Genpact by 12.4% in 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 valued at $25,776,000 after purchasing an additional 56,557 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Genpact by 10.3% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider's stock valued at $263,000 after buying an additional 488 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. Robert W. Baird cut 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. Mizuho increased their price objective on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Needham & Company LLC lowered their target price on shares of Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.71.

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.