Genpact (NYSE:G) Hits New 12-Month High - What's Next?

Genpact Limited (NYSE:G - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $49.15 and last traded at $48.94, with a volume of 1323947 shares. The stock had previously closed at $48.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on G shares. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and increased their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $60.00 in a research report on Friday. Robert W. Baird upped their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Needham & Company LLC lifted their target price on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $47.63.

Genpact Stock Up 11.3 %

The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.61 and a beta of 1.20. The firm has a fifty day moving average price of $44.92 and a 200-day moving average price of $41.15. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 14.22% and a return on equity of 21.85%. As a group, sell-side analysts forecast that Genpact Limited will post 2.94 EPS for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.17 dividend. This is a positive change from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact's payout ratio is currently 16.76%.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,058 shares of company stock worth $1,558,675. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in G. Victory Capital Management Inc. increased its stake in shares of Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after purchasing an additional 1,511,790 shares during the period. Franklin Resources Inc. grew its holdings in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider's stock worth $162,318,000 after buying an additional 252,674 shares in the last quarter. Geode Capital Management LLC increased its position in 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 acquiring an additional 413,646 shares during the period. JPMorgan Chase & Co. raised its stake in Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after acquiring an additional 2,060,595 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its position in Genpact by 390.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock worth $91,480,000 after acquiring an additional 1,695,706 shares during the period. 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.