Fintel reports that on August 10, 2023, JP Morgan maintained coverage of Genpact (NYSE:G) with a Neutral recommendation.
Analyst Price Forecast Suggests 28.48% Upside
As of August 2, 2023, the average one-year price target for Genpact is 48.05. The forecasts range from a low of 41.41 to a high of $58.80. The average price target represents an increase of 28.48% from its latest reported closing price of 37.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Genpact is 4,774MM, an increase of 8.29%. The projected annual non-GAAP EPS is 3.06.
Genpact Declares $0.14 Dividend
On July 13, 2023 the company declared a regular quarterly dividend of $0.14 per share ($0.55 annualized). Shareholders of record as of September 8, 2023 will receive the payment on September 26, 2023. Previously, the company paid $0.14 per share.
At the current share price of $37.40 / share, the stock's dividend yield is 1.47%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.03%, the lowest has been 0.77%, and the highest has been 1.65%. The standard deviation of yields is 0.17 (n=236).
The current dividend yield is 2.63 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.41%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 862 funds or institutions reporting positions in Genpact. This is a decrease of 21 owner(s) or 2.38% in the last quarter. Average portfolio weight of all funds dedicated to G is 0.41%, an increase of 22.87%. Total shares owned by institutions decreased in the last three months by 2.26% to 215,862K shares. 
The put/call ratio of G is 1.71, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 13,795K shares representing 7.49% ownership of the company. In it's prior filing, the firm reported owning 14,001K shares, representing a decrease of 1.49%. The firm decreased its portfolio allocation in G by 2.83% over the last quarter.
Nalanda India Equity Fund holds 13,144K shares representing 7.14% ownership of the company. No change in the last quarter.
Victory Capital Management holds 9,159K shares representing 4.97% ownership of the company. In it's prior filing, the firm reported owning 8,807K shares, representing an increase of 3.84%. The firm decreased its portfolio allocation in G by 17.23% over the last quarter.
Capital International Investors holds 6,632K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 6,391K shares, representing an increase of 3.63%. The firm decreased its portfolio allocation in G by 0.76% over the last quarter.
Fiduciary Management holds 6,166K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 5,029K shares, representing an increase of 18.45%. The firm decreased its portfolio allocation in G by 0.39% over the last quarter.
Genpact Background Information
(This description is provided by the company.)
Genpact is a global professional services firm that makes business transformation real. Led by the purpose -- the relentless pursuit of a world that works better for people -- the company drives digital-led innovation and digitally enabled intelligent operations for his clients. Guided by the experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, the company drives real-world transformation at scale. Genpact thinks with design, dream in digital, and solve problems with data and analytics. Combining his expertise in end-to-end operations and his AI-based platform, Genpact Cora, focus on the details - all 90,000+ of his. From New York to New Delhi, and more than 30 countries in between, the company connects every dot, reimagine every process, and reinvent the ways companies work. The company knows that reimagining each step from start to finish creates better business outcomes. Whatever it is, Genpact will be there with you - accelerating digital transformation to create bold, lasting results - because transformation happens here.
Additional reading:
- Genpact Reports Second Quarter 2023 Results Total revenue of $1.106 billion, Up 2% (3% constant currency)1,2 Data-Tech-AI services revenue of $501 million, Up 2% (3% constant currency) 1,2 Digital Operations services revenue of $605 million, Up 1% (2
- Genpact Reports First Quarter 2023 Results Total revenue of $1.09 billion, Up 2% (4% constant currency)1,2 Data-Tech-AI services revenue of $485 million, Up 4% (6% constant currency)1,2 Digital Operations services revenue of $604 million, Up 0.4% (3%
- Form of 2023 Restricted Share Unit Issuance Agreement for executive officers under the Genpact Limited 2017 Omnibus Incentive Compensation Plan.
- Form of 2023 Performance Share Award Agreement for executive officers under the Genpact Limited 2017 Omnibus Incentive Compensation Plan.
- Amendment 2022-1 to the Genpact LLC Executive Deferred Compensation Plan.
This story originally appeared on Fintel.
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