Genpact Limited (NYSE:G) Stock Has Consensus Target Price of $39.33 According to Brokerages

Shares of Genpact Limited (NYSE:G) have received an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.33.

Several research analysts recently weighed in on G shares. Citigroup boosted their price target on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research report on Friday, July 10th. TD Cowen boosted their target price on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Needham & Company LLC reduced their target price on Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Susquehanna upped their target price on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th.

Insider Transactions at Genpact

In other news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in G. OneAscent Family Office LLC lifted its stake in Genpact by 5.0% in the fourth quarter. OneAscent Family Office LLC now owns 5,991 shares of the business services provider’s stock worth $280,000 after acquiring an additional 288 shares during the period. Fifth Third Bancorp increased its position in Genpact by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 3,691 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 300 shares during the period. Triad Wealth Partners LLC raised its holdings in shares of Genpact by 3.6% in the 1st quarter. Triad Wealth Partners LLC now owns 8,655 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 301 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Genpact by 22.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 312 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of Genpact by 54.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Up 6.6%

G stock opened at $34.69 on Friday. Genpact has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $35.22 and its 200-day moving average is $33.72. The firm has a market capitalization of $5.83 billion, a PE ratio of 10.29, a P/E/G ratio of 0.87 and a beta of 0.57.

Genpact (NYSE:G) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The business had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Sell-side analysts expect that Genpact will post 3.66 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.2%. Genpact’s payout ratio is currently 22.26%.

Genpact Company Profile

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.