Genpact Limited (G) Receives Consensus Rating of “Buy” from Brokerages

Shares of Genpact Limited (NYSE:G) have received a consensus rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $34.47.

Several analysts recently issued reports on G shares. Zacks Investment Research cut Genpact from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Royal Bank of Canada cut Genpact from an “outperform” rating to a “sector perform” rating and set a $33.50 target price on the stock. in a research note on Tuesday, February 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 target price on shares of Genpact in a research note on Sunday, March 3rd. Wells Fargo & Co raised Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 target price on the stock in a research note on Friday, March 8th. Finally, ValuEngine raised Genpact from a “hold” rating to a “buy” rating in a research note on Friday, March 29th.

In related news, CEO N. V. Tyagarajan sold 133,625 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $35.95, for a total value of $4,803,818.75. Following the completion of the transaction, the chief executive officer now directly owns 617,516 shares in the company, valued at approximately $22,199,700.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Heather White sold 1,058 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $36.08, for a total transaction of $38,172.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,284,683 shares of company stock valued at $370,247,491. 1.86% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of G. Bremer Trust National Association bought a new stake in Genpact in the 4th quarter worth approximately $36,000. Bremer Bank National Association bought a new stake in shares of Genpact during the 1st quarter valued at $38,000. New York State Teachers Retirement System bought a new stake in shares of Genpact during the 1st quarter valued at $77,000. AdvisorNet Financial Inc bought a new stake in shares of Genpact during the 1st quarter valued at $97,000. Finally, Neuburgh Advisers LLC bought a new stake in shares of Genpact during the 1st quarter valued at $123,000. 93.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:G opened at $36.79 on Friday. Genpact has a 12-month low of $25.48 and a 12-month high of $37.70. The stock has a market cap of $6.90 billion, a PE ratio of 22.99, a P/E/G ratio of 1.99 and a beta of 0.83. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Genpact had a return on equity of 22.33% and a net margin of 8.91%. The firm had revenue of $809.21 million for the quarter, compared to analysts’ expectations of $764.50 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts anticipate that Genpact will post 1.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, June 12th will be issued a $0.085 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.34 dividend on an annualized basis and a yield of 0.92%. Genpact’s payout ratio is currently 21.25%.

About Genpact

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; invoice-to-cash 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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Analyst Recommendations for Genpact (NYSE:G)

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