Brokerages Set Genpact Limited (G) PT at $32.67

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.

Analyst Recommendations for Genpact Limited (NYSE:G)

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