Somewhat Negative Media Coverage Unlikely to Impact Genpact Limited (G) Stock Price
News coverage about Genpact Limited (NYSE:G) has trended somewhat negative recently, according to AlphaOne. The research group, a unit of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genpact Limited earned a media sentiment score of -0.01 on AlphaOne’s scale. AlphaOne also gave media stories about the business services provider an impact score of 32 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Global IT Robotic Automation Market Forecast 2017-2025: $474.9 Million Market to Grow at CAGR of 64.31% with Blue Prism, Appian, IPSoft Inc., Tata, Hitachi, Toshiba, Google, GE … (businesswire.com)
- William Blair Equities Analysts Lift Earnings Estimates for Genpact Limited (G) (americanbankingnews.com)
- North America Healthcare BPO market is Expected to reach USD 132.16 Billion by 2021 (emailwire.com)
- Top Ranked Growth Stocks to Buy for April 19th (zacks.com)
- Global Healthcare BPO Market 2017 Size, Development Status, Type and Application, Segmentation, Forecast by 2022 (pressreleaserocket.net)
Genpact Limited (NYSE:G) traded up 0.79% on Thursday, reaching $24.29. 446,730 shares of the company’s stock traded hands. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 18.98 and a beta of 0.63. Genpact Limited has a 52-week low of $22.58 and a 52-week high of $28.52. The stock’s 50 day moving average is $24.09 and its 200 day moving average is $24.08.
Genpact Limited (NYSE:G) last announced its quarterly earnings data on Friday, February 10th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. The business had revenue of $682 million for the quarter, compared to analyst estimates of $684.81 million. Genpact Limited had a net margin of 10.49% and a return on equity of 21.52%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, equities research analysts predict that Genpact Limited will post $1.55 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, March 28th. Investors of record on Friday, March 10th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 8th.
Several equities research analysts recently commented on G shares. Zacks Investment Research upgraded shares of Genpact Limited from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $27.00 price target on shares of Genpact Limited in a research report on Friday, February 10th. Jefferies Group LLC restated a “buy” rating on shares of Genpact Limited in a research report on Friday, March 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $25.00 price target on shares of Genpact Limited in a research report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Genpact Limited has a consensus rating of “Buy” and a consensus target price of $28.38.
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In related news, insider N. V. Tyagarajan sold 198,642 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $24.09, for a total transaction of $4,785,285.78. Following the transaction, the insider now directly owns 477,787 shares in the company, valued at $11,509,888.83. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Arvinder Singh sold 10,000 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $24.99, for a total transaction of $249,900.00. Following the transaction, the insider now owns 70,478 shares in the company, valued at $1,761,245.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,642 shares of company stock worth $5,525,186. 1.55% of the stock is owned by corporate insiders.
About Genpact Limited
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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