Genpact (NYSE:G) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Genpact (NYSE:G) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded Genpact from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. Susquehanna boosted their price target on Genpact from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday. Needham & Company LLC upped their price objective on Genpact from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th. Finally, TD Cowen lifted their target price on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and an average price target of $41.89.

Genpact Price Performance

Shares of G opened at $42.62 on Friday. 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 company has a 50 day moving average price of $36.62 and a 200-day moving average price of $35.51. Genpact has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The stock has a market capitalization of $7.13 billion, a PE ratio of 11.89, a PEG ratio of 1.08 and a beta of 0.53.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Genpact’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. Equities analysts predict that Genpact will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th. Genpact’s dividend payout ratio is presently 21.87%.

Insider Transactions at Genpact

In related 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 value of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Genpact during the third quarter worth about $27,000. Root Financial Partners LLC acquired a new position in Genpact in the 3rd quarter worth approximately $30,000. Basecamp Wealth Advisors LLC increased its holdings in 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 buying an additional 370 shares during the period. Elevation Wealth Partners LLC raised its position in Genpact by 57.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after buying an additional 487 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Genpact during the 3rd quarter worth approximately $77,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact is a global professional services company that helps businesses improve operations and pursue digital transformation. Its services include business process management, consulting, data and analytics, artificial intelligence, and technology implementation.

The company works with clients across industries such as banking and financial services, insurance, consumer goods, healthcare, life sciences, manufacturing, and technology. It serves organizations around the world through its global operations.

Genpact began in 1997 as a business services operation within GE Capital and became an independent company in 2005.