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

Shares of Genpact Limited (NYSE:G) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $42.33.

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

Genpact Trading Down 0.9 %

NYSE:G opened at $43.25 on Friday. The firm has a market capitalization of $7.63 billion, a P/E ratio of 11.88, a PEG ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact has a one year low of $30.23 and a one year high of $47.98. The company’s 50-day simple moving average is $42.46 and its 200 day simple moving average is $37.89.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is currently 16.76%.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 23,058 shares of company stock worth $1,044,715 over the last three months. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genpact

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Genpact by 34.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after acquiring an additional 847,249 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Genpact by 130.3% during the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after purchasing an additional 658,560 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Genpact during the 3rd quarter valued at about $19,779,000. Tandem Investment Advisors Inc. purchased a new position in shares of Genpact during the third quarter valued at about $17,025,000. Finally, Geode Capital Management LLC increased its holdings in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after purchasing an additional 413,646 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

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.