Genpact (NYSE:G) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of Genpact (NYSE:G) from a strong-buy rating to a buy rating in a research note released on Friday morning.

G has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a buy rating and issued a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They issued a neutral rating and a $40.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Genpact from $42.00 to $43.00 and gave the company an underweight rating in a report on Friday, February 9th. Citigroup raised their target price on Genpact from $35.00 to $36.00 and gave the company a neutral rating in a report on Wednesday, January 17th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $38.00 target price on shares of Genpact in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $40.11.

Genpact Stock Up 0.6 %

G opened at $31.82 on Friday. Genpact has a fifty-two week low of $29.41 and a fifty-two week high of $45.99. The business has a 50-day moving average of $34.28 and a 200-day moving average of $34.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $5.74 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Equities research analysts forecast that Genpact will post 2.7 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a $0.153 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.61 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Genpact’s previous quarterly dividend of $0.14. Genpact’s payout ratio is currently 17.78%.

Insiders Place Their Bets

In other Genpact news, SVP Heather White sold 11,450 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $36.00, for a total value of $412,200.00. Following the transaction, the senior vice president now owns 21,175 shares of the company’s stock, valued at $762,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Genpact

Several large investors have recently made changes to their positions in G. American Century Companies Inc. lifted its stake in shares of Genpact by 57.2% during the first quarter. American Century Companies Inc. now owns 18,403 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 6,699 shares during the period. Bank of Montreal Can increased its holdings in Genpact by 16.8% in the first quarter. Bank of Montreal Can now owns 23,398 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 3,364 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Genpact by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,683,950 shares of the business services provider’s stock valued at $73,273,000 after purchasing an additional 5,331 shares during the last quarter. Sei Investments Co. increased its holdings in Genpact by 6.2% in the first quarter. Sei Investments Co. now owns 104,775 shares of the business services provider’s stock valued at $4,560,000 after purchasing an additional 6,151 shares during the last quarter. Finally, Aviva PLC bought a new stake in Genpact in the first quarter valued at about $2,219,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Genpact

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.