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 Trading Up 0.4 %

Shares of G Stock traded up $0.21 during mid-day trading on Friday, hitting $48.32. 390,064 shares of the company's stock were exchanged, compared to its average volume of 795,748. Genpact has a fifty-two week low of $37.68 and a fifty-two week high of $54.03. The stock has a 50-day simple moving average of $44.58 and a two-hundred day simple moving average of $43.82. The company has a quick ratio of 1.43, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.67 and a beta of 1.36.

Genpact (NYSE:G - Get Rating) last posted its quarterly earnings data 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. Genpact had a return on equity of 22.29% and a net margin of 8.09%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Genpact will post 2.4 EPS for the current fiscal year.

Genpact Dividend Announcement

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 is Thursday, September 8th. Genpact's dividend payout ratio (DPR) is 27.78%.

Analysts Set New Price Targets

G has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Genpact from $55.00 to $48.00 in a research note on Friday, May 6th. Citigroup cut their target price on Genpact from $55.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 20th. Finally, StockNews.com downgraded Genpact from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $54.33.

Insider Transactions at Genpact

In related news, SVP Kathryn Vanpelt Stein sold 30,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $47.71, for a total value of $1,431,300.00. Following the transaction, the senior vice president now directly owns 98,223 shares of the company's stock, valued at approximately $4,686,219.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.67% of the company's stock.