Genpact (NYSE:G) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Genpact (NYSE:GGet Rating) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

G has been the topic of a number of other research reports. Robert W. Baird reduced their price objective on Genpact from $56.00 to $54.00 in a research report on Thursday, November 10th. JPMorgan Chase & Co. reduced their price objective on Genpact from $62.00 to $55.00 and set an overweight rating on the stock in a research report on Friday, October 14th. BMO Capital Markets reduced their price objective on Genpact from $57.00 to $51.00 and set a market perform rating on the stock in a research report on Thursday, November 10th. Finally, Citigroup reduced their price objective on Genpact from $56.00 to $52.00 and set a buy rating on the stock in a research report on Thursday, November 10th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Genpact has a consensus rating of Moderate Buy and an average price target of $52.14.

Genpact Stock Performance

NYSE G opened at $43.46 on Monday. The company has a market cap of $7.96 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The stock’s 50 day simple moving average is $45.34 and its 200-day simple moving average is $44.96. Genpact has a 1-year low of $37.68 and a 1-year high of $54.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.50 annualized dividend and a yield of 1.15%. Genpact’s dividend payout ratio (DPR) is 28.09%.

Insiders Place Their Bets

In other news, Director Carol Lindstrom sold 2,703 shares of Genpact stock in a transaction on Monday, November 14th. The stock was sold at an average price of $45.37, for a total value of $122,635.11. Following the completion of the sale, the director now directly owns 19,505 shares of the company’s stock, valued at $884,941.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Carol Lindstrom sold 2,703 shares of Genpact stock in a transaction on Monday, November 14th. The stock was sold at an average price of $45.37, for a total value of $122,635.11. Following the completion of the sale, the director now directly owns 19,505 shares of the company’s stock, valued at $884,941.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Balkrishan Kalra sold 10,000 shares of Genpact stock in a transaction on Friday, August 26th. The shares were sold at an average price of $47.35, for a total value of $473,500.00. Following the completion of the sale, the senior vice president now directly owns 183,685 shares of the company’s stock, valued at $8,697,484.75. The disclosure for this sale can be found here. Insiders sold a total of 128,416 shares of company stock valued at $6,023,205 over the last quarter. 2.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of G. Capital International Investors grew its stake in Genpact by 101.8% during the 1st quarter. Capital International Investors now owns 3,963,229 shares of the business services provider’s stock worth $172,440,000 after purchasing an additional 1,999,617 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Genpact by 5,870.8% during the 2nd quarter. Citadel Advisors LLC now owns 1,598,272 shares of the business services provider’s stock worth $67,703,000 after buying an additional 1,571,504 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Genpact by 92.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,839,642 shares of the business services provider’s stock worth $118,839,000 after buying an additional 1,360,996 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Genpact during the 1st quarter worth about $41,520,000. Finally, JPMorgan Chase & Co. lifted its holdings in Genpact by 207.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,233,185 shares of the business services provider’s stock worth $52,237,000 after buying an additional 831,953 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Genpact Company Profile

(Get Rating)

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: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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Analyst Recommendations for Genpact (NYSE:G)

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