Genpact Limited (NYSE:G) Receives $50.71 Consensus PT from Analysts

Genpact Limited (NYSE:G) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.71.

G has been the topic of a number of recent research reports. Robert W. Baird lowered their price objective on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho upped their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC reduced their target price on shares of Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th.

Genpact Stock Performance

Shares of NYSE:G opened at $44.28 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. Genpact has a 1 year low of $30.38 and a 1 year high of $56.76. The firm has a market capitalization of $7.78 billion, a PE ratio of 15.59, a P/E/G ratio of 1.84 and a beta of 1.02. The business’s 50 day moving average price is $48.02 and its 200-day moving average price is $47.13.

Genpact (NYSE:G) last announced its quarterly earnings data 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Genpact will post 3.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $87,940. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genpact

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

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.