BMO Capital Markets reissued their hold rating on shares of Genpact Limited (NYSE:G) in a report released on Friday morning.

G has been the topic of several other reports. Zacks Investment Research raised shares of Genpact Limited from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 8th. Wedbush reissued an outperform rating and set a $33.00 price objective on shares of Genpact Limited in a research report on Wednesday, August 9th. BidaskClub raised shares of Genpact Limited from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. Cowen and Company reissued an outperform rating and set a $33.00 price objective (up from $30.00) on shares of Genpact Limited in a research report on Thursday, August 3rd. Finally, Cantor Fitzgerald reissued a buy rating and set a $32.00 price objective on shares of Genpact Limited in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $31.86.

Genpact Limited (G) opened at 29.14 on Friday. Genpact Limited has a one year low of $22.62 and a one year high of $31.93. The stock’s 50 day moving average is $28.44 and its 200-day moving average is $27.09. The firm has a market capitalization of $5.62 billion, a PE ratio of 22.01 and a beta of 0.53.

Genpact Limited (NYSE:G) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million for the quarter, compared to the consensus estimate of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. On average, analysts anticipate that Genpact Limited will post $1.56 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Genpact Limited’s (G) Hold Rating Reiterated at BMO Capital Markets” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/genpact-limiteds-g-hold-rating-reiterated-at-bmo-capital-markets/1618536.html.

The business also recently announced a special dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were paid a dividend of $0.06 per share. This represents a yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. Genpact Limited’s dividend payout ratio is currently 18.05%.

In other Genpact Limited news, Director Amit Chandra sold 275,508 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $7,912,589.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $244,087,661.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,358,442 shares of company stock worth $297,475,276 in the last 90 days. Company insiders own 1.55% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC lifted its stake in Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 189 shares during the period. SG Americas Securities LLC bought a new position in Genpact Limited during the 1st quarter valued at about $110,000. Acrospire Investment Management LLC lifted its stake in Genpact Limited by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 3,419 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 2,403 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Genpact Limited by 1.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 92.16% of the company’s stock.

Genpact Limited Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact Limited (NYSE:G)

Receive News & Ratings for Genpact Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.