Genpact (NYSE:G) Earns Neutral Rating from Wedbush

Wedbush restated their neutral rating on shares of Genpact (NYSE:G) in a report released on Tuesday morning, Zacks.com reports.

Several other brokerages have also recently commented on G. Needham & Company LLC started coverage on Genpact in a report on Friday, June 14th. They set a buy rating on the stock. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a report on Thursday, May 9th. Finally, ValuEngine upgraded Vanda Pharmaceuticals from a hold rating to a buy rating in a report on Friday, March 29th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $33.97.

Genpact stock traded down $0.14 during mid-day trading on Tuesday, hitting $38.51. 976,323 shares of the company were exchanged, compared to its average volume of 814,324. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.38 and a quick ratio of 1.38. The business has a fifty day moving average of $37.68. Genpact has a 1-year low of $25.48 and a 1-year high of $39.10. The company has a market capitalization of $7.36 billion, a P/E ratio of 24.07, a PEG ratio of 2.12 and a beta of 0.81.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Genpact had a return on equity of 22.33% and a net margin of 8.91%. The firm had revenue of $809.21 million during the quarter, compared to analyst estimates of $764.50 million. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Research analysts anticipate that Genpact will post 1.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 12th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, June 11th. Genpact’s dividend payout ratio is 21.25%.

In related news, SVP Heather White sold 1,058 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $36.08, for a total value of $38,172.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO N. V. Tyagarajan sold 133,625 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $35.95, for a total value of $4,803,818.75. Following the completion of the transaction, the chief executive officer now owns 617,516 shares in the company, valued at approximately $22,199,700.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,134,683 shares of company stock worth $364,941,991. 1.86% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bremer Bank National Association bought a new position in Genpact during the first quarter worth about $38,000. New York State Teachers Retirement System bought a new position in Genpact during the first quarter worth about $77,000. Sigma Planning Corp bought a new position in Genpact during the first quarter worth about $238,000. First Hawaiian Bank boosted its holdings in Genpact by 14.1% during the first quarter. First Hawaiian Bank now owns 6,810 shares of the business services provider’s stock worth $240,000 after buying an additional 842 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Genpact during the second quarter worth about $240,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

About Genpact

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; invoice-to-cash 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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