Genpact Limited (NYSE:G) Receives Average Recommendation of “Hold” from Brokerages

Shares of Genpact Limited (NYSE:G) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.33.

A number of analysts have issued reports on G shares. Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Needham & Company LLC upped their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Robert W. Baird raised their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, TD Cowen increased their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th.

Genpact Trading Up 0.5 %

Shares of NYSE G opened at $42.30 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $7.46 billion, a PE ratio of 11.62, a PEG ratio of 1.56 and a beta of 1.18. Genpact has a twelve month low of $30.23 and a twelve month high of $47.98. The stock has a fifty day simple moving average of $42.69 and a 200-day simple moving average of $38.02.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is 16.76%.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 23,058 shares of company stock valued at $1,044,715. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genpact

A number of institutional investors and hedge funds have recently added to or reduced their stakes in G. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 34.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after buying an additional 847,249 shares during the period. Pzena Investment Management LLC raised its stake in Genpact by 130.3% during the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after acquiring an additional 658,560 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Genpact during the 3rd quarter worth approximately $19,779,000. Tandem Investment Advisors Inc. purchased a new position in shares of Genpact in the 3rd quarter valued at approximately $17,025,000. Finally, Geode Capital Management LLC grew its stake in shares of Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after purchasing an additional 413,646 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

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.