Citigroup Cuts Genpact (NYSE:G) Price Target to $35.00

Genpact (NYSE:G) had its price objective decreased by Citigroup from $43.00 to $35.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the business services provider’s stock.

G has been the subject of several other reports. Mizuho lowered their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Robert W. Baird lowered their target price on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. Susquehanna lowered their target price on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Genpact has a consensus rating of “Hold” and a consensus price target of $43.29.

Genpact Stock Performance

Shares of G opened at $29.47 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.66. Genpact has a one year low of $29.10 and a one year high of $48.64. The company has a 50-day simple moving average of $36.62 and a two-hundred day simple moving average of $41.10. The firm has a market capitalization of $5.00 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.89 and a beta of 0.61.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. 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, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.84 earnings per share. Genpact’s quarterly revenue was up .0% compared to the same quarter last year. Genpact has set its Q2 2026 guidance at 0.960-0.970 EPS. On average, analysts anticipate that Genpact will post 3.61 EPS for the current fiscal year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Insider Activity

In other news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the transaction, the chief executive officer directly owned 525,007 shares in the company, valued at approximately $21,404,535.39. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

A number of hedge funds have recently added to or reduced their stakes in the company. Nalanda India Equity Fund Ltd raised its holdings in Genpact by 8.0% in the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after acquiring an additional 1,015,556 shares during the last quarter. AQR Capital Management LLC raised its holdings in Genpact by 90.9% in the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after acquiring an additional 3,131,643 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock worth $208,965,000 after acquiring an additional 598,877 shares during the last quarter. FIL Ltd raised its holdings in Genpact by 114.4% in the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after acquiring an additional 2,562,484 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Genpact by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after acquiring an additional 107,870 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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.