Shares of Genpact Limited (NYSE:G) have earned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.67.
A number of research analysts have issued reports on G shares. Robert W. Baird reissued a “buy” rating and issued a $34.00 price target on shares of Genpact Limited in a report on Monday, September 25th. Cantor Fitzgerald reissued a “buy” rating and issued a $32.00 price target on shares of Genpact Limited in a report on Wednesday, September 13th. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, August 8th. BidaskClub downgraded Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Cowen and Company set a $33.00 price target on Genpact Limited and gave the company a “buy” rating in a report on Tuesday, August 15th.
Genpact Limited (NYSE G) traded up 0.61% during trading on Friday, reaching $29.72. 965,823 shares of the company’s stock traded hands. The company has a 50 day moving average of $28.68 and a 200 day moving average of $27.40. Genpact Limited has a one year low of $22.62 and a one year high of $31.93. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 22.45 and a beta of 0.53.
Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million for the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Equities research analysts predict that Genpact Limited will post $1.56 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were paid a dividend of $0.06 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. Genpact Limited’s payout ratio is 18.05%.
In related news, CFO Edward J. Fitzpatrick sold 57,934 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $28.54, for a total value of $1,653,436.36. Following the completion of the transaction, the chief financial officer now directly owns 113,520 shares of the company’s stock, valued at approximately $3,239,860.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the completion of the transaction, the insider now directly owns 85,305 shares of the company’s stock, valued at $2,420,102.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,358,442 shares of company stock valued at $297,475,276. Corporate insiders own 1.41% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its stake in Genpact Limited by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 189 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Genpact Limited by 569.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 3,419 shares during the last quarter. SG Americas Securities LLC acquired a new position in Genpact Limited in the 1st quarter valued at $110,000. Bronfman E.L. Rothschild L.P. raised its stake in Genpact Limited by 1.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 94 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Genpact Limited by 85.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 2,403 shares during the last quarter. 92.16% of the stock is owned by hedge funds and other institutional investors.
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Genpact Limited Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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