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

Shares of Genpact Limited (NYSE:G - Get Free Report) have been assigned an average rating of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.44.

A number of equities analysts have weighed in on the stock. TD Cowen increased their target price on shares of Genpact from $35.00 to $36.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Needham & Company LLC increased their price target on shares of Genpact from $40.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Finally, Robert W. Baird boosted their price target on shares of Genpact from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th.

Genpact Trading Up 0.1 %

Shares of G traded up $0.04 during trading hours on Thursday, hitting $38.41. The stock had a trading volume of 619,538 shares, compared to its average volume of 1,328,491. Genpact has a 12-month low of $29.41 and a 12-month high of $39.95. The firm has a market cap of $6.91 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The company's fifty day simple moving average is $38.89 and its 200 day simple moving average is $34.86.

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

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's dividend payout ratio is currently 17.43%.

Institutional Investors Weigh In On Genpact

Several hedge funds and other institutional investors have recently bought and sold shares of G. Goldman Sachs Group Inc. raised its stake in shares of Genpact by 53.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 491,113 shares of the business services provider's stock worth $17,047,000 after buying an additional 170,045 shares in the last quarter. DGS Capital Management LLC increased its stake in shares of Genpact by 31.6% during the first quarter. DGS Capital Management LLC now owns 15,319 shares of the business services provider's stock worth $505,000 after purchasing an additional 3,682 shares during the period. Sawyer & Company Inc lifted its stake in Genpact by 1.6% in the 1st quarter. Sawyer & Company Inc now owns 35,428 shares of the business services provider's stock valued at $1,167,000 after purchasing an additional 565 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Genpact by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 40,584 shares of the business services provider's stock worth $1,337,000 after acquiring an additional 500 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its holdings in shares of Genpact by 4.1% in the first quarter. Leeward Investments LLC MA now owns 302,314 shares of the business services provider's stock valued at $9,961,000 after purchasing an additional 11,804 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.