Brokerages Set Genpact Limited (NYSE:G) Target Price at $49.75

Key Points

• Genpact Limited has received a consensus rating of "Hold" from eight brokerages, with five ratings as hold and three as buy, and an average price target of $49.75.
• The company reported a 12-month revenue growth of 7.4% and beat earnings estimates for the latest quarter with $0.84 earnings per share compared to expectations of $0.80.
• Genpact will pay a quarterly dividend of $0.17 on September 25th, representing an annualized dividend yield of 1.49%.

Genpact Limited (NYSE:G - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $49.75.

Several equities analysts have commented on the company. Robert W. Baird dropped their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Mizuho raised their target price on Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft began coverage on Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price objective on shares of Genpact in a research note on Monday, June 30th. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th.

Insiders Place Their Bets

In other news, Director Nicholas C. Gangestad purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $87,940. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Genpact

Hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. increased its holdings in Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after buying an additional 216 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Genpact by 2.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,890 shares of the business services provider's stock valued at $454,000 after purchasing an additional 240 shares during the last quarter. Sylvest Advisors LLC raised its stake in Genpact by 1.5% in the second quarter. Sylvest Advisors LLC now owns 17,902 shares of the business services provider's stock valued at $788,000 after purchasing an additional 258 shares in the last quarter. Stifel Financial Corp grew its position in Genpact by 1.0% in the fourth quarter. Stifel Financial Corp now owns 30,821 shares of the business services provider's stock valued at $1,324,000 after acquiring an additional 291 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Genpact by 9.5% in the first quarter. Fifth Third Bancorp now owns 3,461 shares of the business services provider's stock valued at $174,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Performance

Genpact stock traded down $0.19 during trading hours on Friday, reaching $45.32. 272,238 shares of the company were exchanged, compared to its average volume of 1,557,139. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.94. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $43.92 and a 200 day moving average of $47.23. Genpact has a 12 month low of $32.18 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, topping 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 analyst estimates of $1.21 billion. During the same period last year, the company earned $0.73 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that Genpact will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. Genpact's dividend payout ratio is presently 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.