Shares of Genpact Limited (NYSE:G) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.21.
G has been the subject of several recent analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price target on shares of Genpact in a report on Wednesday, August 8th. SunTrust Banks restated a “buy” rating and issued a $37.00 price target on shares of Genpact in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. downgraded Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price target for the company. in a report on Tuesday, August 14th.
In other news, Director Carol Lindstrom sold 2,630 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.44, for a total transaction of $80,057.20. Following the completion of the transaction, the director now directly owns 17,141 shares of the company’s stock, valued at $521,772.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heather White sold 1,367 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.00, for a total value of $42,377.00. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P boosted its position in shares of Genpact by 21.3% during the second quarter. Martingale Asset Management L P now owns 1,159,939 shares of the business services provider’s stock worth $33,558,000 after buying an additional 203,898 shares during the period. Cooke & Bieler LP boosted its position in Genpact by 12.1% during the second quarter. Cooke & Bieler LP now owns 422,844 shares of the business services provider’s stock valued at $12,233,000 after purchasing an additional 45,550 shares during the last quarter. Unigestion Holding SA acquired a new position in Genpact during the second quarter valued at approximately $4,111,000. Brown Advisory Inc. boosted its position in Genpact by 8.9% during the second quarter. Brown Advisory Inc. now owns 13,753,374 shares of the business services provider’s stock valued at $397,884,000 after purchasing an additional 1,129,478 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Genpact during the second quarter valued at approximately $2,788,000. 88.05% of the stock is owned by institutional investors.
Shares of Genpact stock traded down $0.18 during trading hours on Wednesday, hitting $30.18. The company’s stock had a trading volume of 964,332 shares, compared to its average volume of 571,831. Genpact has a 12 month low of $27.83 and a 12 month high of $34.79. The company has a market capitalization of $5.78 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52.
Genpact (NYSE:G) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Genpact had a return on equity of 22.15% and a net margin of 9.44%. The company had revenue of $728.56 million during the quarter, compared to the consensus estimate of $734.51 million. equities analysts anticipate that Genpact will post 1.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Monday, September 10th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.99%. Genpact’s dividend payout ratio is currently 20.13%.
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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