Genpact Limited (NYSE:G) – Investment analysts at SunTrust Banks cut their FY2018 earnings per share (EPS) estimates for shares of Genpact in a report issued on Tuesday. SunTrust Banks analyst F. Atkins now expects that the business services provider will post earnings of $1.56 per share for the year, down from their prior estimate of $1.63. SunTrust Banks also issued estimates for Genpact’s Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $1.77 EPS.
Other equities research analysts have also recently issued reports about the company. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of Genpact in a research note on Friday, November 10th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Genpact in a research report on Wednesday, November 8th. Citigroup lowered their price objective on shares of Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research report on Tuesday, February 13th. Zacks Investment Research downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their price objective on shares of Genpact to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Genpact has a consensus rating of “Buy” and a consensus price target of $34.65.
Genpact (NYSE:G) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $734.41 million during the quarter, compared to analysts’ expectations of $723.55 million. Genpact had a return on equity of 23.53% and a net margin of 9.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, March 8th. This is an increase from Genpact’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 0.95%. Genpact’s dividend payout ratio is 17.91%.
In other news, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total transaction of $45,384,129.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Arvinder Singh sold 22,855 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $32.23, for a total transaction of $736,616.65. Following the transaction, the senior vice president now owns 37,623 shares of the company’s stock, valued at $1,212,589.29. The disclosure for this sale can be found here. Insiders have sold 1,664,740 shares of company stock valued at $50,731,010 over the last quarter. Company insiders own 1.41% of the company’s stock.
Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in Genpact by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock valued at $840,000 after purchasing an additional 907 shares during the period. Dimensional Fund Advisors LP increased its holdings in Genpact by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock valued at $41,409,000 after purchasing an additional 162,487 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Genpact in the second quarter valued at $335,000. The Manufacturers Life Insurance Company increased its holdings in Genpact by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 455 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Genpact in the second quarter valued at $210,000. Institutional investors own 92.00% of the company’s stock.
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Genpact Company Profile
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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