Brokerages Set Genpact Limited (NYSE:G) PT at $38.00

Genpact Limited (NYSE:G) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $37.63.

Several research firms have recently issued reports on G. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, May 10th. Citigroup reduced their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Genpact in a research report on Friday, May 10th. BMO Capital Markets decreased their target price on Genpact from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Finally, StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th.

Genpact Stock Performance

Genpact stock opened at $33.51 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.36. Genpact has a twelve month low of $29.41 and a twelve month high of $39.44. The company’s 50-day moving average price is $32.65 and its 200-day moving average price is $33.34. The company has a market cap of $6.03 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Genpact had a return on equity of 22.71% and a net margin of 14.21%. On average, equities research analysts forecast that Genpact will post 2.7 EPS for the current fiscal year.

Genpact Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a $0.1525 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.82%. Genpact’s payout ratio is currently 17.43%.

Insider Buying and Selling

In other news, Director N. V. Tyagarajan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $33.17, for a total transaction of $33,170.00. Following the transaction, the director now directly owns 7,300 shares in the company, valued at $242,141. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Genpact

A number of hedge funds have recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new stake in Genpact during the fourth quarter valued at approximately $25,000. CWM LLC lifted its holdings in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after purchasing an additional 471 shares in the last quarter. GAMMA Investing LLC purchased a new position in Genpact during the 4th quarter worth $43,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Genpact by 120.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock valued at $60,000 after buying an additional 989 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.