Genpact (NYSE:G) Hits New 52-Week Low – Here’s What Happened

Shares of Genpact Limited (NYSE:G) hit a new 52-week low on Tuesday . The company traded as low as $26.97 and last traded at $27.1160, with a volume of 91693 shares. The stock had previously closed at $27.85.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. Susquehanna cut their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings cut shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Finally, Robert W. Baird decreased their price target on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.29.

Genpact Trading Up 2.8%

The business has a fifty day moving average of $31.65 and a 200-day moving average of $38.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $4.79 billion, a P/E ratio of 8.67, a PEG ratio of 0.78 and a beta of 0.58.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The business had revenue of $1.30 billion during the quarter. Analysts anticipate that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Genpact’s payout ratio is presently 23.01%.

Institutional Investors Weigh In On Genpact

Institutional investors and hedge funds have recently made changes to their positions in the business. Basecamp Wealth Advisors LLC boosted its stake in Genpact by 54.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 370 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Genpact by 40.7% in the first quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock worth $28,504,000 after purchasing an additional 221,536 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Genpact by 12.7% in the first quarter. NewEdge Advisors LLC now owns 14,369 shares of the business services provider’s stock worth $535,000 after purchasing an additional 1,622 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Genpact by 41.4% in the first quarter. Glenmede Trust Co. NA now owns 151,155 shares of the business services provider’s stock valued at $5,631,000 after purchasing an additional 44,292 shares in the last quarter. Finally, Access Investment Management LLC lifted its holdings in shares of Genpact by 2.3% in the first quarter. Access Investment Management LLC now owns 252,522 shares of the business services provider’s stock valued at $9,406,000 after purchasing an additional 5,747 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.