Genpact (NYSE:G) Price Target Raised to $51.00

Genpact (NYSE:G - Free Report) had its price objective hoisted by Mizuho from $48.00 to $51.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

A number of other research firms have also recently commented on G. Robert W. Baird reduced their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Genpact in a research report on Monday. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.14.

Genpact Price Performance

Genpact stock traded up $0.96 during midday trading on Tuesday, reaching $44.97. 1,662,582 shares of the stock were exchanged, compared to its average volume of 1,407,988. Genpact has a 52 week low of $30.38 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $7.86 billion, a PE ratio of 15.35, a PEG ratio of 1.66 and a beta of 0.94. The company's fifty day moving average is $44.44 and its 200-day moving average is $46.90.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $0.73 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Genpact will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. Genpact's payout ratio is 23.21%.

Insider Transactions at Genpact

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the acquisition, the director owned 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genpact

Several large investors have recently made changes to their positions in G. Vanguard Group Inc. increased its position in Genpact by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock valued at $728,539,000 after buying an additional 61,376 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Genpact by 18.1% during the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after acquiring an additional 1,511,790 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Genpact by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock valued at $180,560,000 after acquiring an additional 55,771 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Genpact by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock worth $207,129,000 after purchasing an additional 710,704 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after purchasing an additional 208,759 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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.