Genpact Limited (NYSE:G) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 11th will be given a dividend of 0.097 per share by the business services provider on Wednesday, September 23rd. This represents a $0.39 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, September 10th.
Genpact has a payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 20.2%.
G stock traded down $0.55 during midday trading on Friday, hitting $39.26. 2,170 shares of the stock traded hands, compared to its average volume of 769,355. The firm has a market cap of $7.57 billion, a P/E ratio of 23.56, a PEG ratio of 1.86 and a beta of 1.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day simple moving average is $36.65 and its 200-day simple moving average is $36.41. Genpact has a 1-year low of $19.41 and a 1-year high of $45.20.
Several analysts have recently issued reports on the stock. Deutsche Bank dropped their target price on shares of Genpact from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Citigroup dropped their target price on shares of Genpact from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. TheStreet upgraded shares of Genpact from a “c+” rating to a “b-” rating in a research report on Friday, May 8th. Needham & Company LLC lifted their target price on shares of Genpact from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets dropped their target price on shares of Genpact from $50.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Genpact has a consensus rating of “Buy” and an average price target of $42.25.
In other Genpact news, SVP Heather White sold 5,000 shares of Genpact stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $36.95, for a total transaction of $184,750.00. Also, CFO Edward J. Fitzpatrick bought 5,600 shares of Genpact stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $188,832.00. Following the completion of the purchase, the chief financial officer now directly owns 193,693 shares of the company’s stock, valued at $6,531,327.96. The disclosure for this purchase can be found here. Company insiders own 1.86% 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; invoice-to-cash 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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