Genpact Limited (NYSE:G) Receives $42.33 Consensus Target Price from Analysts

Genpact Limited (NYSE:G) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.33.

A number of research analysts have issued reports on the company. TD Cowen upped their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC upped their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group upped their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th.

Institutional Trading of Genpact

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,123 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Genpact by 54.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 984 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Genpact stock opened at $46.19 on Monday. Genpact has a 52 week low of $30.23 and a 52 week high of $47.98. The company’s 50 day moving average price is $40.38 and its two-hundred day moving average price is $36.53. The stock has a market cap of $8.15 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.58 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.32%. Genpact’s dividend payout ratio is presently 16.76%.

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.