Genpact (NYSE:G) PT Lowered to $33.00

Genpact (NYSE:G) had its target price decreased by Citigroup from $36.00 to $33.00 in a report issued on Monday, Benzinga reports. Citigroup currently has a neutral rating on the business services provider’s stock.

A number of other analysts have also issued reports on the stock. StockNews.com lowered shares of Genpact from a strong-buy rating to a buy rating in a research note on Friday, April 5th. Needham & Company LLC reissued a buy rating and set a $40.00 price target on shares of Genpact in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an underweight rating in a research report on Friday, February 9th. Finally, Mizuho assumed coverage on shares of Genpact in a research report on Tuesday, January 30th. They set a neutral rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact has an average rating of Hold and a consensus price target of $39.78.

Genpact Trading Down 3.4 %

NYSE G opened at $30.67 on Monday. Genpact has a one year low of $29.41 and a one year high of $44.63. The company’s 50 day moving average price is $33.17 and its 200 day moving average price is $34.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. On average, sell-side analysts predict that Genpact will post 2.7 EPS for the current 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 issued a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, March 8th. This is an increase from Genpact’s previous quarterly dividend of $0.14. Genpact’s payout ratio is currently 17.78%.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of Genpact during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Genpact by 106.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 471 shares during the period. GAMMA Investing LLC acquired a new position in shares of Genpact during the fourth quarter valued at $43,000. Covestor Ltd raised its stake in shares of Genpact by 140.2% during the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 904 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Genpact by 120.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 989 shares in the last quarter. 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.