Genpact (NYSE:G) Given New $55.00 Price Target at Needham & Company LLC

Genpact (NYSE:G) had its target price increased by Needham & Company LLC from $42.00 to $55.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other analysts also recently commented on G. BMO Capital Markets raised their price objective on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen increased their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.33.

Genpact Stock Performance

Shares of G opened at $45.09 on Monday. The company has a market capitalization of $8.03 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.89. Genpact has a one year low of $30.23 and a one year high of $47.98. The company’s fifty day moving average price is $39.48 and its 200 day moving average price is $35.86.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is 16.76%.

Institutional Trading of Genpact

Institutional investors have recently modified their holdings of the stock. CWM LLC raised its position in Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after buying an additional 2,123 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Genpact by 54.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 984 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.