Brokerages Set Genpact Limited (NYSE:G) Price Target at $42.33

Shares of Genpact Limited (NYSE:G - Get Free Report) have earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.33.

G has been the topic of several analyst reports. Needham & Company LLC raised their price objective on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. TD Cowen increased their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Finally, Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th.

Genpact Price Performance

G traded down $0.80 during trading on Tuesday, reaching $42.86. 1,012,298 shares of the stock were exchanged, compared to its average volume of 1,131,274. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The business's 50 day moving average price is $43.79 and its two-hundred day moving average price is $39.09. Genpact has a 1 year low of $30.23 and a 1 year high of $47.98. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.54 and a beta of 1.18.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, December 9th. Genpact's payout ratio is 16.76%.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares of the company's stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 23,058 shares of company stock worth $1,044,715 in the last three months. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in G. Venturi Wealth Management LLC lifted its holdings in Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock valued at $103,000 after acquiring an additional 1,121 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider's stock worth $136,000 after purchasing an additional 461 shares in the last quarter. GAMMA Investing LLC lifted its stake in Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock valued at $131,000 after purchasing an additional 2,293 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Genpact during the third quarter worth approximately $159,000. Finally, Everence Capital Management Inc. acquired a new position in Genpact in the fourth quarter worth approximately $210,000. 96.03% of the stock is currently owned by 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.