Genpact - G Stock Forecast, Price & News

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services. The company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting. It also provides finance and accounting services, which include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; financial planning and analysis consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls. In addition, the company provides supply chain advisory services, and after-sales services; sourcing and procurement services comprising direct and indirect strategic sourcing, category management, spend analytics, procurement operation, and master data management; and sales and commercial services, including campaign, order, and dispute management, lead generation, pricing, and promotion optimization. Further, it offers IT services, which comprise end-user computing support, infrastructure management, application production support, and database management services; and transformation services that include digital solutions, consulting services, and analytics services and solutions. The company was founded in 1997 and is based in Hamilton, Bermuda.

Genpact Price Performance

Genpact stock opened at $48.32 on Tuesday. The firm has a market capitalization of $8.87 billion, a P/E ratio of 26.84, a PEG ratio of 1.68 and a beta of 1.36. Genpact has a 1 year low of $37.68 and a 1 year high of $54.03. The business has a 50-day moving average of $44.65 and a 200-day moving average of $43.77. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.72.

Genpact (NYSE:G - Get Rating) last posted its earnings results on Thursday, August 4th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Genpact had a return on equity of 22.29% and a net margin of 8.09%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, equities analysts anticipate that Genpact will post 2.4 EPS for the current year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 8th. Genpact's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup cut their price target on Genpact from $55.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. StockNews.com cut Genpact from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Genpact from $55.00 to $48.00 in a report on Friday, May 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Moderate Buy" and an average target price of $54.33.

Insider Activity

In other news, SVP Kathryn Vanpelt Stein sold 30,000 shares of Genpact stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $47.71, for a total transaction of $1,431,300.00. Following the transaction, the senior vice president now owns 98,223 shares in the company, valued at approximately $4,686,219.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.67% of the stock is currently owned by company insiders.