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

Genpact Limited (NYSE:G) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $42.33.

Several analysts have weighed in on G shares. BMO Capital Markets boosted their price objective on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. TD Cowen upped their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Robert W. Baird upped their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group upped their price target 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

Genpact stock opened at $44.64 on Monday. The stock has a 50-day simple moving average of $39.97 and a 200 day simple moving average of $36.28. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact has a 12-month low of $30.23 and a 12-month high of $47.98. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.55 and a beta of 1.13.

Genpact Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after purchasing an additional 226 shares in the last quarter. Lecap Asset Management Ltd. grew its holdings in shares of Genpact by 2.1% during the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after purchasing an additional 364 shares in the last quarter. Suncoast Equity Management grew its holdings in shares of Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after purchasing an additional 375 shares in the last quarter. Sawyer & Company Inc grew its holdings in shares of Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock worth $1,421,000 after purchasing an additional 400 shares in the last quarter. Finally, Cloverfields Capital Group LP grew its holdings in shares of Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock worth $954,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

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.