Genpact (NYSE:G) Shares Gap Up After Analyst Upgrade

Shares of Genpact Limited (NYSE:G) gapped up prior to trading on Friday after Robert W. Baird raised their price target on the stock from $44.00 to $48.00. The stock had previously closed at $41.81, but opened at $45.21. Robert W. Baird currently has a neutral rating on the stock. Genpact shares last traded at $47.41, with a volume of 154,985 shares.

Other equities analysts have also recently issued reports about the company. TD Cowen lifted their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC increased their price objective on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group raised their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets lifted their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.89.

Institutional Investors Weigh In On Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 during the last quarter. Venturi Wealth Management LLC increased its position in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Genpact by 54.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 984 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Trading Up 12.5 %

The company has a market cap of $8.38 billion, a P/E ratio of 13.39, a PEG ratio of 1.62 and a beta of 1.13. The business has a 50 day moving average price of $38.90 and a 200-day moving average price of $35.41. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Analysts forecast that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is presently 17.23%.

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.