Genpact Limited (NYSE:G) Receives $42.33 Average PT from Brokerages

Shares of Genpact Limited (NYSE:G) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has assigned 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.

Several research firms have commented on G. TD Cowen increased their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Robert W. Baird increased their target price on 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 increased their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group raised their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th.

Genpact Stock Performance

NYSE:G opened at $44.64 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $7.87 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. Genpact has a twelve month low of $30.23 and a twelve month high of $47.98. The stock’s 50-day simple moving average is $39.97 and its 200 day simple moving average is $36.28.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.37%. Genpact’s payout ratio is currently 16.76%.

Institutional Investors Weigh In On Genpact

A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in Genpact by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock valued at $8,768,000 after acquiring an additional 47,754 shares during the period. Blair William & Co. IL grew its stake in Genpact by 10.6% in the first quarter. Blair William & Co. IL now owns 6,978 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 670 shares during the period. Vanguard Group Inc. grew its stake in Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after acquiring an additional 218,526 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Genpact in the first quarter valued at approximately $659,000. Finally, Covestor Ltd boosted its position in shares of Genpact by 132.8% during the first quarter. Covestor Ltd now owns 4,340 shares of the business services provider’s stock valued at $143,000 after buying an additional 2,476 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.