StockNews.com Upgrades Genpact (NYSE:G) to “Strong-Buy”

StockNews.com upgraded shares of Genpact (NYSE:GFree Report) from a buy rating to a strong-buy rating in a report issued on Wednesday.

G has been the topic of a number of other reports. Citigroup lifted their target price on Genpact from $35.00 to $36.00 and gave the stock a neutral rating in a research note on Wednesday, January 17th. Robert W. Baird reiterated a neutral rating and set a $38.00 target price on shares of Genpact in a research note on Friday, December 15th. Needham & Company LLC lowered their target price on Genpact from $50.00 to $40.00 and set a buy rating on the stock in a research note on Thursday, November 9th. Finally, Mizuho initiated coverage on Genpact in a research note on Tuesday, January 30th. They set a neutral rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $40.11.

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Genpact Price Performance

Shares of NYSE:G opened at $36.53 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $34.95 and its two-hundred day simple moving average is $35.40. Genpact has a 1-year low of $29.41 and a 1-year high of $48.58. The stock has a market cap of $6.62 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11.

Genpact (NYSE:GGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Genpact had a return on equity of 24.06% and a net margin of 14.10%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. As a group, analysts forecast that Genpact will post 2.71 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Monday, March 11th will be given a $0.153 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.68%. This is a boost from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, March 8th. Genpact’s dividend payout ratio is 16.03%.

Insider Buying and Selling

In related news, SVP Heather White sold 11,450 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total value of $412,200.00. Following the transaction, the senior vice president now directly owns 21,175 shares in the company, valued at $762,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in shares of Genpact during the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its stake in shares of Genpact by 69.1% during the second quarter. Parallel Advisors LLC now owns 773 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 316 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Genpact by 106.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 471 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Genpact by 71.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,039 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 432 shares during the period. Finally, Fred Alger Management LLC boosted its stake in shares of Genpact by 136.7% during the fourth quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 507 shares during the period. 96.33% of the stock is currently owned by institutional investors.

About Genpact

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Genpact Limited provides business process outsourcing and information technology (IT) 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 company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.

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Analyst Recommendations for Genpact (NYSE:G)

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