Genpact Limited (NYSE:G) Plans Dividend Increase – $0.17 Per Share

Genpact Limited (NYSE:G) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.17 per share by the business services provider on Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15.

Genpact has increased its dividend payment by an average of 12.4% per year over the last three years. Genpact has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $3.08 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 19.8%.

Genpact Stock Performance

G stock traded up $5.59 during midday trading on Friday, reaching $54.99. The stock had a trading volume of 2,943,958 shares, compared to its average volume of 1,404,342. The firm has a fifty day simple moving average of $44.92 and a two-hundred day simple moving average of $41.15. The stock has a market cap of $9.70 billion, a PE ratio of 15.07, a P/E/G ratio of 1.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact has a 52-week low of $30.23 and a 52-week high of $56.76.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 21.85% and a net margin of 14.22%. As a group, equities research analysts anticipate that Genpact will post 2.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on G shares. Robert W. Baird lifted their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $60.00 in a research report on Friday. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Genpact has a consensus rating of “Hold” and an average target price of $47.63.

Insider Buying and Selling at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,058 shares of company stock valued at $1,558,675 over the last quarter. 2.80% of the stock is owned by company insiders.

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.