Genpact Limited (NYSE:G) Plans Quarterly Dividend of $0.17

Genpact Limited (NYSE:G) declared a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be paid a dividend of 0.17 per share by the business services provider on Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a 11.5% increase from Genpact’s previous quarterly dividend of $0.15.

Genpact has increased its dividend payment by an average of 12.4% per year over the last three years. Genpact has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 19.5%.

Genpact Price Performance

Shares of NYSE G opened at $51.66 on Friday. Genpact has a 1-year low of $30.23 and a 1-year high of $56.76. The stock has a fifty day simple moving average of $48.91 and a two-hundred day simple moving average of $43.90. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.

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

Insider Buying and Selling at Genpact

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

Analyst Ratings Changes

G has been the subject of a number of analyst reports. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Mizuho increased their price objective on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC increased their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $48.44.

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.