Genpact (NYSE:G) Shares Gap Down – What’s Next?

Genpact Limited (NYSE:G) gapped down before the market opened on Wednesday . The stock had previously closed at $52.26, but opened at $51.00. Genpact shares last traded at $51.53, with a volume of 284,401 shares changing hands.

Analyst Upgrades and Downgrades

G has been the topic of several research reports. Mizuho boosted their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC upped their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Robert W. Baird boosted their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.44.

Genpact Stock Down 0.4 %

The firm has a market cap of $9.18 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company has a 50-day simple moving average of $48.39 and a 200-day simple moving average of $43.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. Analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is currently 23.94%.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Genpact by 308.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 455,070 shares of the business services provider’s stock worth $19,545,000 after purchasing an additional 343,752 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Genpact by 847.8% during the fourth quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider’s stock valued at $15,228,000 after buying an additional 401,962 shares during the last quarter. Teza Capital Management LLC boosted its holdings in shares of Genpact by 405.0% in the 4th quarter. Teza Capital Management LLC now owns 79,623 shares of the business services provider’s stock valued at $3,420,000 after buying an additional 63,855 shares in the last quarter. State of Wyoming grew its position in shares of Genpact by 302.7% in the 4th quarter. State of Wyoming now owns 6,536 shares of the business services provider’s stock worth $281,000 after buying an additional 4,913 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Genpact during the 4th quarter worth approximately $584,000. 96.03% of the stock is currently owned by institutional investors.

About Genpact

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.