2 weeks Ago By Defense World Staff
Shares of Genpact Limited ( NYSE:G – Get Free Report ) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $38.
78. Several equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Genpact from $38.
00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Jefferies Financial Group increased their price target on shares of Genpact from $35.
00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Needham & Company LLC upped their price objective on shares of Genpact from $40.
00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. TD Cowen raised their target price on Genpact from $35.
00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co.
boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th.
Check Out Our Latest Report on Genpact Genpact Price Performance Genpact ( NYSE:G – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
64 by $0.05. The firm had revenue of $1.
18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a return on equity of 22.
28% and a net margin of 14.12%. Equities analysts predict that Genpact will post 2.
85 earnings per share for the current fiscal year. Genpact Cuts Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.
1525 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.
61 annualized dividend and a yield of 1.57%. Genpact’s payout ratio is 17.
43%. Institutional Trading of Genpact A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in shares of Genpact by 12.
6% in the 4th quarter. Wells Fargo & Company MN now owns 231,105 shares of the business services provider’s stock valued at $8,022,000 after buying an additional 25,835 shares during the period. Corient Private Wealth LLC grew its stake in shares of Genpact by 46.
6% in the fourth quarter. Corient Private Wealth LLC now owns 15,402 shares of the business services provider’s stock worth $535,000 after acquiring an additional 4,899 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Genpact by 22.
6% in the fourth quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 347 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Genpact in the fourth quarter valued at $487,000.
Finally, Bell Asset Management Ltd increased its holdings in Genpact by 9.1% during the 4th quarter. Bell Asset Management Ltd now owns 343,551 shares of the business services provider’s stock worth $11,925,000 after purchasing an additional 28,594 shares during the period.
96.03% of the stock is owned by institutional investors and hedge funds. Genpact Company Profile ( Get Free Report 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. Featured Articles Five stocks we like better than Genpact Industrial Products Stocks Investing CarMax’s Impressive Rally: What Investors Should Watch Next 3 Small Caps With Big Return Potential MarketBeat Week in Review – 9/23 – 9/27 Best ESG Stocks: 11 Best Stocks for ESG Investing Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.
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