Jefferies Financial Group Upgrades Genpact (NYSE:G) to Buy

Jefferies Financial Group upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has $55.00 price objective on the business services provider’s stock, up from their prior price objective of $44.00.

G has been the subject of several other research reports. TD Cowen boosted their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.00.

Genpact Stock Up 0.8 %

Shares of NYSE G opened at $46.17 on Tuesday. Genpact has a 52-week low of $30.23 and a 52-week high of $47.98. 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 business has a fifty day moving average of $44.39 and a two-hundred day moving average of $40.02. The stock has a market cap of $8.14 billion, a PE ratio of 12.68, a PEG ratio of 1.52 and a beta of 1.18.

Genpact (NYSE:G) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Genpact had a return on equity of 21.85% and a net margin of 14.22%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.67 EPS. As a group, equities research analysts expect that Genpact will post 2.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $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 worth $1,558,675 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Genpact

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after acquiring an additional 2,060,595 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Genpact in the 3rd quarter valued at about $19,779,000. Tandem Investment Advisors Inc. acquired a new stake in Genpact in the 3rd quarter valued at about $17,025,000. Finally, Geode Capital Management LLC grew its holdings in Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after purchasing an additional 413,646 shares during the period. Institutional investors own 96.03% of the company’s stock.

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.