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

Genpact Limited (NYSE:G) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.67.

Several equities analysts have recently weighed in on G shares. Susquehanna increased their price objective on shares of Genpact from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. TD Cowen lifted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, August 7th. Finally, Needham & Company LLC lowered their price target on shares of Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 7th.

Genpact Price Performance

NYSE:G opened at $41.84 on Tuesday. Genpact has a 52-week low of $26.85 and a 52-week high of $48.64. The company has a market cap of $7.00 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.05 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50-day simple moving average is $35.66 and its 200 day simple moving average is $33.54.

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

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, December 10th. This represents a $0.75 annualized dividend and a yield of 1.8%. Genpact’s payout ratio is 22.26%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the transaction, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. The trade was a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in Genpact during the 3rd quarter worth approximately $30,000. Vest Financial LLC lifted its stake in Genpact by 10.1% in the 3rd quarter. Vest Financial LLC now owns 201,772 shares of the business services provider’s stock valued at $6,564,000 after purchasing an additional 18,433 shares during the last quarter. Sawyer & Company Inc bought a new position in Genpact in the 3rd quarter valued at approximately $955,000. Nisa Investment Advisors LLC boosted its position in Genpact by 40.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock valued at $103,000 after buying an additional 918 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Genpact in the third quarter valued at approximately $27,000. Institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.