Genpact Limited’s (G) Hold Rating Reiterated at BMO Capital Markets
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.
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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.
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