Genpact Limited (NYSE:G) – Equities researchers at SunTrust Banks cut their Q4 2018 earnings per share estimates for shares of Genpact Limited in a report released on Thursday. SunTrust Banks analyst F. Atkins now forecasts that the business services provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.47.
A number of other research analysts have also commented on G. BidaskClub raised Genpact Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG upped their price objective on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets upped their price objective on Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Finally, Wedbush initiated coverage on Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.14.
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Genpact Limited (NYSE G) opened at 27.97 on Friday. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $31.93. The company has a 50-day moving average price of $28.75 and a 200 day moving average price of $26.47. The company has a market capitalization of $5.40 billion, a PE ratio of 21.13 and a beta of 0.50.
Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share.
The business also recently announced a special dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.84%. Genpact Limited’s payout ratio is 18.05%.
In other news, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the sale, the insider now directly owns 85,305 shares in the company, valued at approximately $2,420,102.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,358,442 shares of company stock valued at $297,475,276. Corporate insiders own 1.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after buying an additional 189 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Genpact Limited during the 1st quarter worth $110,000. Acrospire Investment Management LLC lifted its position in shares of Genpact Limited by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after buying an additional 3,419 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Genpact Limited by 42.5% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock worth $123,000 after buying an additional 1,480 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after buying an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.
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.
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