Genpact Limited (NYSE:G) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.18.
G has been the topic of several recent research reports. Deutsche Bank lifted their price objective on shares of Genpact from $36.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $43.00 target price for the company in a research note on Thursday, September 12th. Cantor Fitzgerald raised their target price on shares of Genpact from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Genpact in a research report on Friday, November 8th. Finally, Wedbush increased their price objective on Genpact from $33.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th.
Shares of G stock traded up $0.56 during mid-day trading on Friday, hitting $40.41. 2,249,357 shares of the stock traded hands, compared to its average volume of 1,062,193. Genpact has a twelve month low of $25.48 and a twelve month high of $44.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 1.46. The company’s 50-day simple moving average is $39.61 and its 200-day simple moving average is $38.93. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79.
Genpact (NYSE:G) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $888.80 million during the quarter, compared to analysts’ expectations of $884.91 million. Genpact had a return on equity of 21.42% and a net margin of 8.84%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. Analysts forecast that Genpact will post 1.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 9th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. Genpact’s payout ratio is 21.25%.
In other Genpact news, Director David Humphrey sold 12,916,004 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $39.87, for a total transaction of $514,961,079.48. Following the sale, the director now directly owns 34,907 shares of the company’s stock, valued at approximately $1,391,742.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in G. First Hawaiian Bank raised its holdings in shares of Genpact by 32.1% during the second quarter. First Hawaiian Bank now owns 8,995 shares of the business services provider’s stock worth $343,000 after acquiring an additional 2,185 shares in the last quarter. Fenimore Asset Management Inc. acquired a new stake in shares of Genpact in the second quarter valued at about $10,741,000. Machina Capital S.A.S. grew its holdings in Genpact by 232.5% in the 2nd quarter. Machina Capital S.A.S. now owns 6,621 shares of the business services provider’s stock valued at $252,000 after buying an additional 4,630 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Genpact by 10.9% in the second quarter. FDx Advisors Inc. now owns 20,568 shares of the business services provider’s stock worth $783,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Genpact during the 2nd quarter worth about $190,000. Hedge funds and other institutional investors own 94.34% of the company’s stock.
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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