Genpact Limited (NYSE:G – Get Free Report) declared a quarterly dividend on Thursday, February 5th. Investors of record on Monday, March 16th will be paid a dividend of 0.1875 per share by the business services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. This is a 10.3% increase from Genpact’s previous quarterly dividend of $0.17.
Genpact has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Genpact has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Genpact to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 21.5%.
Genpact Stock Performance
NYSE:G opened at $38.33 on Friday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.12 and a beta of 0.75. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. Genpact has a twelve month low of $34.79 and a twelve month high of $51.28. The firm’s fifty day simple moving average is $41.92 and its 200 day simple moving average is $42.86.
Analyst Upgrades and Downgrades
G has been the subject of several analyst reports. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna set a $42.00 target price on Genpact in a research report on Friday, February 6th. Needham & Company LLC reduced their price objective on Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Citigroup upgraded Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.29.
Check Out Our Latest Stock Analysis on G
Genpact Company Profile
Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.
Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.
Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.
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