Genpact Limited (NYSE:G) Given Consensus Rating of “Hold” by Brokerages

Genpact Limited (NYSE:G) has received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.50.

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Needham & Company LLC upped their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Robert W. Baird raised their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st.

Genpact Stock Up 0.4 %

Shares of G opened at $48.63 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $44.71 and a two-hundred day moving average price of $40.72. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.57 and a beta of 1.18. Genpact has a 12 month low of $30.23 and a 12 month high of $48.74.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Genpact had a return on equity of 21.85% and a net margin of 14.22%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $0.67 earnings per share. Equities analysts predict that Genpact will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock valued at $1,558,675 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Genpact

Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in shares of Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after acquiring an additional 226 shares during the period. CIBC Asset Management Inc lifted its holdings in Genpact by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after purchasing an additional 297 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in Genpact by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after purchasing an additional 339 shares during the period. Lecap Asset Management Ltd. grew its holdings in Genpact by 2.1% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after buying an additional 364 shares in the last quarter. Finally, Suncoast Equity Management increased its position in Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after buying an additional 375 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

About Genpact

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.