Genpact Limited (NYSE:G) – Equities research analysts at Wedbush dropped their Q3 2017 EPS estimates for Genpact Limited in a research report issued on Tuesday. Wedbush analyst M. Katri now expects that the business services provider will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.37. Wedbush currently has a “Outperform” rating and a $33.00 price target on the stock. Wedbush also issued estimates for Genpact Limited’s Q4 2017 earnings at $0.38 EPS and FY2017 earnings at $1.41 EPS.

A number of other equities research analysts have also recently commented on G. BidaskClub raised Genpact Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut Genpact Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Deutsche Bank AG raised their price objective on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets raised their price objective on Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Finally, Cowen and Company reissued an “outperform” rating and issued a $33.00 price objective (up previously from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.38.

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Genpact Limited (NYSE G) opened at 29.69 on Thursday. Genpact Limited has a 12-month low of $22.62 and a 12-month high of $31.93. The stock’s 50 day moving average price is $28.76 and its 200 day moving average price is $27.46. The company has a market cap of $5.73 billion, a PE ratio of 22.42 and a beta of 0.53.

Genpact Limited (NYSE:G) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business had revenue of $670.70 million for the quarter, compared to analysts’ expectations of $642.68 million. During the same quarter in the previous year, the business posted $0.36 EPS. Genpact Limited’s revenue for the quarter was up 6.4% on a year-over-year basis.

The company also recently disclosed a special dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s dividend payout ratio (DPR) is presently 18.05%.

In other news, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $244,087,661.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mohit Thukral sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the completion of the transaction, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders sold 10,358,442 shares of company stock valued at $297,475,276 in the last three months. Insiders own 1.41% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Genpact Limited by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 189 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Genpact Limited in the first quarter valued at approximately $110,000. Acrospire Investment Management LLC lifted its holdings in shares of Genpact Limited by 569.8% in the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 3,419 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Genpact Limited in the third quarter valued at approximately $128,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 2,403 shares in the last quarter. Institutional investors own 92.16% of the company’s stock.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Earnings History and Estimates for Genpact Limited (NYSE:G)

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