Genpact (NYSE:G) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Genpact (NYSE:G) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Wednesday, October 8th. Susquehanna initiated coverage on Genpact in a research report on Friday. They issued a “neutral” rating and a $50.00 target price on the stock. Finally, Citigroup raised shares of Genpact to a “hold” rating in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Genpact Stock Up 0.8%

NYSE G opened at $47.75 on Friday. The stock has a market cap of $8.23 billion, a PE ratio of 15.40, a P/E/G ratio of 1.53 and a beta of 0.76. The business has a 50 day moving average price of $42.28 and a two-hundred day moving average price of $43.16. Genpact has a fifty-two week low of $37.49 and a fifty-two week high of $56.76. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.33.

Genpact (NYSE:G) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Genpact had a net margin of 11.01% and a return on equity of 22.55%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS and its Q4 2025 guidance at 0.930-0.940 EPS. As a group, sell-side analysts predict that Genpact will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact’s dividend payout ratio is currently 21.94%.

Insiders Place Their Bets

In other news, SVP Sameer Dewan sold 26,531 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $44.70, for a total value of $1,185,935.70. Following the transaction, the senior vice president directly owned 62,617 shares in the company, valued at approximately $2,798,979.90. This trade represents a 29.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tamara Franklin sold 2,750 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total transaction of $125,537.50. Following the sale, the director directly owned 22,236 shares of the company’s stock, valued at approximately $1,015,073.40. This represents a 11.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA lifted its stake in Genpact by 364.2% in the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after buying an additional 499 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Genpact in the 3rd quarter worth about $27,000. Westside Investment Management Inc. lifted its position in Genpact by 193.5% in the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Genpact in the 3rd quarter worth about $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Genpact in the third quarter valued at approximately $29,000. 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.