Genpact Limited (NYSE:G) has been assigned an average rating of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.93.
G has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $32.00 target price on Genpact and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Zacks Investment Research lowered Genpact from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. JPMorgan Chase & Co. decreased their target price on Genpact from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Wednesday, October 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 target price on shares of Genpact in a research report on Wednesday, November 7th. Finally, Cowen reissued a “buy” rating and issued a $35.00 target price on shares of Genpact in a research report on Wednesday, November 7th.
Several institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC grew its stake in shares of Genpact by 17.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 12,586 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 1,887 shares during the period. First Mercantile Trust Co. grew its stake in shares of Genpact by 24.4% during the 3rd quarter. First Mercantile Trust Co. now owns 9,990 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 1,960 shares during the period. PNC Financial Services Group Inc. boosted its stake in Genpact by 108.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,887 shares of the business services provider’s stock worth $120,000 after purchasing an additional 2,026 shares during the period. Intrust Bank NA boosted its stake in Genpact by 9.4% in the 2nd quarter. Intrust Bank NA now owns 24,423 shares of the business services provider’s stock worth $707,000 after purchasing an additional 2,102 shares during the period. Finally, Strs Ohio boosted its stake in Genpact by 14.4% in the 3rd quarter. Strs Ohio now owns 16,701 shares of the business services provider’s stock worth $511,000 after purchasing an additional 2,107 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.
Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $747.98 million during the quarter, compared to analyst estimates of $754.93 million. Genpact had a return on equity of 22.26% and a net margin of 9.31%. Genpact’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, sell-side analysts anticipate that Genpact will post 1.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.10%. Genpact’s dividend payout ratio is currently 20.13%.
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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