Recent Research Analysts’ Ratings Updates for Genpact (G)

Genpact (NYSE: G) has recently received a number of price target changes and ratings updates:

• 5/18/2023 – Genpact is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 5/15/2023 – Genpact had its price target lowered by analysts at Jefferies Financial Group Inc. from $47.00 to $41.00.
• 5/11/2023 – Genpact had its price target lowered by analysts at Robert W. Baird from $54.00 to $48.00.
• 5/11/2023 – Genpact had its price target lowered by analysts at Citigroup Inc. from $54.00 to $46.00.
• 4/28/2023 – Genpact was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

Genpact Stock Performance

Shares of NYSE G opened at $37.39 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s fifty day moving average price is $42.68 and its two-hundred day moving average price is $44.97. Genpact Limited has a one year low of $35.75 and a one year high of $48.85. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.66 and a beta of 1.20.

Genpact (NYSE:G – Get Rating) last issued its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Genpact had a return on equity of 25.74% and a net margin of 8.27%. On average, equities analysts forecast that Genpact Limited will post 2.59 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, June 8th. Genpact’s dividend payout ratio (DPR) is presently 28.35%.

Insider Activity at Genpact

In other Genpact news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $45.93, for a total value of $2,296,500.00. Following the completion of the transaction, the chief executive officer now directly owns 805,509 shares in the company, valued at $36,997,028.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO N. V. Tyagarajan sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $45.93, for a total transaction of $2,296,500.00. Following the completion of the transaction, the chief executive officer now directly owns 805,509 shares in the company, valued at $36,997,028.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Madden acquired 2,500 shares of the stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of $36.86 per share, with a total value of $92,150.00. Following the completion of the transaction, the director now directly owns 44,947 shares of the company’s stock, valued at $1,656,746.42. The disclosure for this purchase can be found here. Insiders have sold 315,000 shares of company stock valued at $13,511,225 over the last ninety days. 2.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genpact

Large investors have recently added to or reduced their stakes in the business. American Trust grew its stake in Genpact by 4.2% in the first quarter. American Trust now owns 11,350 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 462 shares during the period. JPMorgan Chase & Co. grew its stake in Genpact by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 3,579,057 shares of the business services provider’s stock valued at $165,424,000 after acquiring an additional 84,020 shares during the period. Advisory Services Network LLC grew its stake in Genpact by 420.5% in the first quarter. Advisory Services Network LLC now owns 7,396 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 5,975 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Genpact by 10.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 59,384 shares of the business services provider’s stock valued at $2,745,000 after acquiring an additional 5,549 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Genpact in the first quarter valued at approximately $1,517,000. Institutional investors and hedge funds own 95.17% of the company’s stock.

Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).