Genpact (NYSE:G) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Genpact (NYSE:G) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Several other brokerages have also issued reports on G. Mizuho upped their price target on Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC cut their price target on Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Robert W. Baird cut their price target on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.71.

Genpact Price Performance

Shares of G stock opened at $43.09 on Friday. The stock’s fifty day moving average is $45.98 and its 200-day moving average is $47.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The stock has a market capitalization of $7.54 billion, a PE ratio of 15.17, a PEG ratio of 1.84 and a beta of 1.02. Genpact has a 52 week low of $30.38 and a 52 week high of $56.76.

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

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.58%. Genpact’s payout ratio is 23.21%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the firm’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 of the company’s stock, valued at $15,167,926.94. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nicholas C. Gangestad purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after buying an additional 503 shares in the last quarter. SRH Advisors LLC bought a new position in shares of Genpact during the fourth quarter worth about $26,000. Atlas Capital Advisors Inc. grew its holdings in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after buying an additional 216 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Genpact during the first quarter worth about $27,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Genpact during the first quarter worth about $35,000. 96.03% of the stock is currently 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.