Genpact Limited (NYSE:G) Plans Dividend Increase – $0.17 Per Share

Genpact Limited (NYSE:G) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be given a dividend of 0.17 per share by the business services provider on Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15.

Genpact has increased its dividend payment by an average of 12.4% annually over the last three years. Genpact has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Genpact to earn $3.43 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 19.8%.

Genpact Stock Up 11.3 %

Shares of Genpact stock opened at $54.98 on Friday. Genpact has a one year low of $30.23 and a one year high of $56.76. The company has a market cap of $9.70 billion, a P/E ratio of 19.36, a PEG ratio of 1.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average of $44.92 and a two-hundred day moving average of $41.15.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.61% and a net margin of 10.77%. On average, analysts forecast that Genpact will post 3.08 earnings per share for the current year.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock valued at $1,558,675 over the last three months. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC lifted their price objective on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $60.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.63.

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.