Wells Fargo & Co set a $32.00 price target on Genpact (NYSE:G) in a research note released on Wednesday. The firm currently has a hold rating on the business services provider’s stock.

Other research analysts have also issued reports about the company. Cowen reissued a buy rating and issued a $35.00 price objective on shares of Genpact in a report on Wednesday. Cantor Fitzgerald reissued a buy rating and issued a $36.00 price objective on shares of Genpact in a report on Wednesday. SunTrust Banks reissued a buy rating and issued a $37.00 price objective on shares of Genpact in a report on Thursday, August 9th. Zacks Investment Research lowered Genpact from a buy rating to a hold rating in a report on Monday, September 10th. Finally, JPMorgan Chase & Co. cut their price objective on Genpact from $33.00 to $32.00 and set an underweight rating on the stock in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $35.28.

Shares of G stock traded up $1.10 during mid-day trading on Wednesday, reaching $30.12. The stock had a trading volume of 1,707,229 shares, compared to its average volume of 744,251. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $5.59 billion, a PE ratio of 20.21, a P/E/G ratio of 1.89 and a beta of 0.64. Genpact has a 1-year low of $26.46 and a 1-year high of $34.79.

Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $747.98 million for the quarter, compared to analyst estimates of $754.93 million. Genpact had a return on equity of 21.95% and a net margin of 9.31%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Sell-side analysts forecast that Genpact will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Monday, December 10th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 7th. Genpact’s dividend payout ratio (DPR) is 20.13%.

In related news, Director Carol Lindstrom sold 2,630 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.44, for a total transaction of $80,057.20. Following the sale, the director now directly owns 17,141 shares of the company’s stock, valued at $521,772.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. grew its holdings in Genpact by 8.9% during the second quarter. Brown Advisory Inc. now owns 13,753,374 shares of the business services provider’s stock worth $397,884,000 after acquiring an additional 1,129,478 shares during the period. FMR LLC grew its holdings in Genpact by 3.5% during the second quarter. FMR LLC now owns 9,813,587 shares of the business services provider’s stock worth $283,907,000 after acquiring an additional 328,676 shares during the period. Alliancebernstein L.P. grew its holdings in Genpact by 20.1% during the third quarter. Alliancebernstein L.P. now owns 3,612,107 shares of the business services provider’s stock worth $110,567,000 after acquiring an additional 603,618 shares during the period. Pzena Investment Management LLC grew its holdings in Genpact by 2.2% during the third quarter. Pzena Investment Management LLC now owns 2,816,963 shares of the business services provider’s stock worth $86,227,000 after acquiring an additional 60,258 shares during the period. Finally, Congress Asset Management Co. MA grew its holdings in Genpact by 0.6% during the third quarter. Congress Asset Management Co. MA now owns 2,744,466 shares of the business services provider’s stock worth $84,008,000 after acquiring an additional 16,686 shares during the period. 88.59% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Company Profile

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; over-the counter 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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