Genpact Limited (G) To Go Ex-Dividend on March 8th

Genpact Limited (NYSE:GGet Free Report) declared a quarterly dividend on Thursday, February 8th, Zacks reports. Shareholders of record on Monday, March 11th will be paid a dividend of 0.153 per share by the business services provider on Tuesday, March 26th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from Genpact’s previous quarterly dividend of $0.14.

Genpact has raised its dividend payment by an average of 12.1% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Genpact has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $2.96 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 20.6%.

Genpact Price Performance

Shares of G opened at $34.54 on Wednesday. The company has a market capitalization of $6.24 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $35.25 and a 200 day moving average of $35.25. Genpact has a twelve month low of $29.41 and a twelve month high of $47.66.

Genpact (NYSE:GGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. As a group, equities research analysts anticipate that Genpact will post 2.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on G. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Citigroup lifted their price target on shares of Genpact from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Genpact in a research note on Friday, February 9th. Robert W. Baird reiterated a “neutral” rating and set a $38.00 price target on shares of Genpact in a research note on Friday, December 15th. Finally, Mizuho began coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.11.

Check Out Our Latest Stock Analysis on Genpact

Insider Activity at Genpact

In related news, SVP Heather White sold 11,450 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the transaction, the senior vice president now directly owns 21,175 shares in the company, valued at approximately $762,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genpact

Several large investors have recently added to or reduced their stakes in G. Fred Alger Management LLC lifted its position in shares of Genpact by 136.7% in the 4th quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock worth $41,000 after purchasing an additional 507 shares during the period. State of Wyoming purchased a new stake in shares of Genpact in the 4th quarter worth approximately $66,000. Belpointe Asset Management LLC lifted its position in shares of Genpact by 27.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock worth $67,000 after purchasing an additional 313 shares during the period. Lazard Asset Management LLC lifted its position in shares of Genpact by 5,162.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,526 shares of the business services provider’s stock worth $70,000 after purchasing an additional 1,497 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of Genpact in the 3rd quarter worth approximately $97,000. 96.33% of the stock is owned by hedge funds and other institutional investors.

About Genpact

(Get Free Report)

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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Dividend History for Genpact (NYSE:G)

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