Genpact (NYSE:G) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact (NYSE:G - Free Report) in a research report released on Thursday, Marketbeat.com reports. The firm issued a hold rating and a $47.00 price target on the business services provider's stock.

A number of other research analysts have also weighed in on G. Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Mizuho raised their price target on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Genpact in a research report on Monday, June 30th. Finally, Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Genpact presently has an average rating of "Moderate Buy" and a consensus price target of $49.75.

Genpact Trading Down 0.2%

Shares of G traded down $0.09 during trading hours on Thursday, hitting $45.37. 792,344 shares of the stock were exchanged, compared to its average volume of 1,426,453. The firm has a market capitalization of $7.93 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business has a 50-day moving average of $43.75 and a 200-day moving average of $47.16. 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 fifty-two week low of $32.18 and a fifty-two week high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, research analysts expect that Genpact will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. Genpact's dividend payout ratio (DPR) is 23.21%.

Insider Activity

In other news, Director Nicholas C. Gangestad purchased 2,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $87,940. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC grew its position in Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after purchasing an additional 503 shares during the last quarter. Atlas Capital Advisors Inc. grew its position in Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Genpact during the 1st quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in Genpact during the 1st quarter valued at about $35,000. Finally, Steph & Co. purchased a new stake in Genpact during the 2nd quarter valued at about $37,000. 96.03% of the stock is currently owned by institutional investors.

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.