Genpact Limited (G) Earns Outperform Rating from Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Genpact Limited (NYSE:G) in a report released on Tuesday morning. Robert W. Baird currently has a $36.00 price objective on the business services provider’s stock, up from their prior price objective of $34.00.

Several other equities research analysts have also recently commented on G. BMO Capital Markets lifted their price target on shares of Genpact Limited from $26.00 to $30.00 and gave the stock a market perform rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Genpact Limited from a buy rating to a hold rating in a research report on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a buy rating and set a $34.00 price objective on shares of Genpact Limited in a research note on Monday. Cowen and Company set a $33.00 price objective on shares of Genpact Limited and gave the stock a buy rating in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG lifted their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a hold rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Genpact Limited has an average rating of Buy and an average target price of $32.38.

Genpact Limited (NYSE:G) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

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The business also recently declared a special dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were paid a $0.06 dividend. This represents a yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. Genpact Limited’s payout ratio is currently 18.05%.

In other news, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $244,087,661.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Private Ltd Gic sold 1,501,126 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $28.72, for a total transaction of $43,112,338.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,358,442 shares of company stock worth $297,475,276. Insiders own 1.55% of the company’s stock.

Several hedge funds have recently made changes to their positions in G. BlackRock Inc. lifted its position in shares of Genpact Limited by 2,636.7% in the first quarter. BlackRock Inc. now owns 7,680,410 shares of the business services provider’s stock worth $190,169,000 after purchasing an additional 7,399,767 shares in the last quarter. Hahn Capital Management LLC lifted its position in shares of Genpact Limited by 2,613.3% in the first quarter. Hahn Capital Management LLC now owns 933,386 shares of the business services provider’s stock worth $23,111,000 after purchasing an additional 898,986 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Genpact Limited in the first quarter worth $19,870,000. UBS Asset Management Americas Inc. lifted its position in shares of Genpact Limited by 2,300.3% in the second quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock worth $23,157,000 after purchasing an additional 797,436 shares in the last quarter. Finally, Marathon Asset Management LLP lifted its position in shares of Genpact Limited by 135.0% in the second quarter. Marathon Asset Management LLP now owns 1,062,666 shares of the business services provider’s stock worth $29,574,000 after purchasing an additional 610,528 shares in the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact Limited (NYSE:G)

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