Brokerages Set Genpact Limited (NYSE:G) Price Target at $40.25

Shares of Genpact Limited (NYSE:G) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $40.25.

G has been the subject of a number of research analyst reports. TD Cowen lowered their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a research report on Friday, May 8th. Robert W. Baird dropped their price objective on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a report on Friday.

Institutional Trading of Genpact

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osbon Capital Management LLC purchased a new position in shares of Genpact in the fourth quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in Genpact during the 4th quarter worth approximately $30,000. iSAM Funds UK Ltd purchased a new stake in Genpact during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new stake in Genpact during the 3rd quarter worth approximately $29,000. Finally, Larson Financial Group LLC lifted its holdings in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Trading Down 2.9%

NYSE G opened at $29.58 on Friday. The firm’s 50-day moving average is $30.71 and its two-hundred day moving average is $36.91. Genpact has a 12 month low of $26.85 and a 12 month high of $48.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $5.01 billion, a P/E ratio of 9.07, a PEG ratio of 0.86 and a beta of 0.61.

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

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 10th. Genpact’s payout ratio is currently 23.01%.

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.