Genpact Limited (NYSE:G) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Genpact Limited (NYSE:G - Get Free Report) have earned an average rating of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.33.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. TD Cowen upped their target price on shares of Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Needham & Company LLC increased their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 12th.

Institutional Investors Weigh In On Genpact

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in Genpact by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider's stock worth $8,768,000 after purchasing an additional 47,754 shares during the period. Vanguard Group Inc. increased its holdings in Genpact by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider's stock worth $565,845,000 after acquiring an additional 218,526 shares in the last quarter. Jensen Investment Management Inc. raised its position in Genpact by 6.4% during the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider's stock worth $7,449,000 after acquiring an additional 11,410 shares during the period. Magnetar Financial LLC raised its position in Genpact by 46.9% during the first quarter. Magnetar Financial LLC now owns 96,560 shares of the business services provider's stock worth $3,182,000 after acquiring an additional 30,821 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Genpact by 53.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider's stock valued at $1,580,000 after purchasing an additional 17,034 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Down 0.2 %

NYSE G traded down $0.10 during mid-day trading on Monday, reaching $44.69. The stock had a trading volume of 1,122,987 shares, compared to its average volume of 1,327,616. The stock has a market cap of $7.88 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. Genpact has a 1 year low of $30.23 and a 1 year high of $47.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.89. The company has a fifty day moving average price of $39.74 and a 200 day moving average price of $36.10.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.36%. Genpact's dividend payout ratio is presently 16.76%.

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.