Robert W. Baird Cuts Genpact (NYSE:G) Price Target to $50.00

Genpact (NYSE:G) had its target price decreased by Robert W. Baird from $56.00 to $50.00 in a report published on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Genpact from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 10th. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and increased their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.71.

Genpact Stock Up 1.0 %

Shares of NYSE:G opened at $42.45 on Thursday. The company’s fifty day moving average is $48.74 and its 200-day moving average is $47.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact has a 52 week low of $30.38 and a 52 week high of $56.76. The company has a market capitalization of $7.46 billion, a PE ratio of 14.95, a P/E/G ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm posted $0.73 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Genpact will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after purchasing an additional 441 shares in the last quarter. Burney Co. increased its position in shares of Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after acquiring an additional 92,641 shares in the last quarter. KBC Group NV acquired a new stake in shares of Genpact during the fourth quarter worth $298,000. State of New Jersey Common Pension Fund D bought a new stake in Genpact in the 4th quarter valued at $2,030,000. Finally, Pictet Asset Management Holding SA bought a new stake in Genpact in the 4th quarter valued at $921,000. 96.03% of the stock is owned by 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.