Robert W. Baird Boosts Genpact (NYSE:G) Price Target to $48.00

Genpact (NYSE:G) had its target price increased by Robert W. Baird from $44.00 to $48.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

A number of other research analysts have also weighed in on G. BMO Capital Markets raised their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective 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. Needham & Company LLC boosted their target price on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, TD Cowen increased their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Genpact has an average rating of “Hold” and a consensus price target of $42.33.

Genpact Price Performance

Shares of Genpact stock opened at $46.66 on Friday. The stock has a market capitalization of $8.31 billion, a P/E ratio of 12.82, a PEG ratio of 1.92 and a beta of 1.13. The business has a 50 day simple moving average of $39.18 and a two-hundred day simple moving average of $35.68. Genpact has a 12 month low of $30.23 and a 12 month high of $47.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is presently 16.76%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in G. CWM LLC lifted its position in shares of Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Versant Capital Management Inc lifted its holdings in 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 in the last quarter. Venturi Wealth Management LLC boosted its position in Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,121 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of 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 worth $90,000 after acquiring an additional 984 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Genpact by 221.3% during the third 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 during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.