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

Shares of Genpact Limited (NYSE:G - Get Free Report) have received an average rating of "Hold" from the nine analysts that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $38.78.

A number of brokerages have recently commented on G. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, September 9th. TD Cowen upped their price target on Genpact from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Friday, August 9th. Needham & Company LLC upped their price target on Genpact from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Finally, BMO Capital Markets upped their price target on Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Monday, August 12th.

Hedge Funds Weigh In On Genpact

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Genpact by 1.3% during the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider's stock valued at $565,845,000 after purchasing an additional 218,526 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in shares of Genpact by 8.5% during the fourth quarter. Fiduciary Management Inc. WI now owns 7,971,692 shares of the business services provider's stock valued at $276,697,000 after purchasing an additional 623,794 shares in the last quarter. FIL Ltd boosted its position in shares of Genpact by 16.8% during the fourth quarter. FIL Ltd now owns 5,041,842 shares of the business services provider's stock valued at $175,002,000 after purchasing an additional 725,198 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $107,065,000 after purchasing an additional 847,249 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider's stock valued at $101,715,000 after purchasing an additional 1,053,236 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Down 0.7 %

Shares of NYSE G traded down $0.27 during midday trading on Friday, hitting $38.75. 777,394 shares of the stock traded hands, compared to its average volume of 1,378,288. The company has a market cap of $6.97 billion, a PE ratio of 11.07, a P/E/G ratio of 1.63 and a beta of 1.13. Genpact has a one year low of $29.41 and a one year high of $39.95. The business has a 50 day moving average price of $37.25 and a two-hundred day moving average price of $34.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts predict that Genpact will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.1525 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.57%. Genpact's dividend payout ratio (DPR) is presently 17.43%.

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.