Genpact (G) Lowered to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Genpact (NYSE:G) from a neutral rating to an underweight rating in a report published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $37.00 target price on the business services provider’s stock.

A number of other analysts also recently issued reports on G. ValuEngine downgraded Genpact from a buy rating to a hold rating in a research report on Friday, May 4th. Cantor Fitzgerald reiterated a buy rating and set a $36.00 price target on shares of Genpact in a research report on Wednesday, August 8th. Finally, SunTrust Banks reiterated a buy rating and set a $37.00 price target on shares of Genpact in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $36.06.

Shares of G traded up $0.10 during trading hours on Tuesday, reaching $29.98. 43,837 shares of the company’s stock traded hands, compared to its average volume of 800,003. The company has a market cap of $5.77 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.94 and a beta of 0.57. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. Genpact has a 12 month low of $27.83 and a 12 month high of $34.79.



Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $728.56 million during the quarter, compared to the consensus estimate of $734.51 million. Genpact had a return on equity of 22.15% and a net margin of 9.44%. analysts predict that Genpact will post 1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Monday, September 10th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.00%. Genpact’s payout ratio is 20.13%.

In related news, SVP Heather White sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $31.00, for a total value of $42,377.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.88% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP bought a new stake in Genpact in the 1st quarter worth approximately $120,000. Fort L.P. bought a new stake in Genpact in the 2nd quarter worth approximately $116,000. Contravisory Investment Management Inc. bought a new stake in Genpact in the 2nd quarter worth approximately $130,000. Signaturefd LLC bought a new stake in Genpact in the 1st quarter worth approximately $176,000. Finally, Synovus Financial Corp bought a new stake in Genpact in the 1st quarter worth approximately $188,000. Institutional investors own 88.10% of the company’s stock.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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