Genpact (NYSE:G) Upgraded at TD Cowen

TD Cowen upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a research report released on Friday morning, Marketbeat reports. TD Cowen currently has $60.00 target price on the business services provider’s stock, up from their prior target price of $45.00.

Several other research firms have also recently weighed in on G. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC upped their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.63.

Genpact Price Performance

Genpact stock opened at $54.98 on Friday. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.63 and a beta of 1.20. Genpact has a 52-week low of $30.23 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50 day moving average price is $45.09 and its two-hundred day moving average price is $41.41.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. On average, equities analysts predict that Genpact will post 3.08 earnings per share for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. Genpact’s dividend payout ratio (DPR) is currently 21.48%.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,058 shares of company stock valued at $1,558,675 in the last quarter. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Genpact

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in Genpact by 406.1% during the 2nd quarter. AQR Capital Management LLC now owns 42,506 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 34,108 shares in the last quarter. Creative Planning increased its position in shares of Genpact by 30.3% during the second quarter. Creative Planning now owns 25,614 shares of the business services provider’s stock valued at $825,000 after acquiring an additional 5,950 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Genpact in the 2nd quarter worth approximately $335,000. GAMMA Investing LLC lifted its position in Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Genpact by 242.0% during the 3rd quarter. Inspire Investing LLC now owns 37,277 shares of the business services provider’s stock valued at $1,462,000 after purchasing an additional 26,376 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Company Profile

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.