Genpact Limited (NYSE:G) Receives Consensus Recommendation of “Hold” from Analysts

Genpact Limited (NYSE:G) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.33.

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC lifted their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 23,058 shares of company stock valued at $1,044,715. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of G. Venturi Wealth Management LLC boosted its holdings in Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after buying an additional 461 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after acquiring an additional 2,293 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of Genpact during the 3rd quarter valued at about $159,000. Finally, Everence Capital Management Inc. bought a new position in shares of Genpact in the 4th quarter valued at approximately $210,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Down 0.4 %

G opened at $43.33 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $7.64 billion, a PE ratio of 11.90, a P/E/G ratio of 1.54 and a beta of 1.18. The stock’s fifty day moving average is $44.10 and its 200-day moving average is $39.23. Genpact has a one year low of $30.23 and a one year high of $47.98.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Monday, December 9th. Genpact’s payout ratio is 16.76%.

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.