Genpact (NYSE:G) Price Target Increased to $44.00 by Analysts at Robert W. Baird

Genpact (NYSE:G) had its target price lifted by Robert W. Baird from $38.00 to $44.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Other analysts have also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Genpact from $38.00 to $42.00 and gave the company a market perform rating in a report on Monday, August 12th. TD Cowen lifted their price target on shares of Genpact from $35.00 to $36.00 and gave the stock a hold rating in a report on Friday, August 9th. Needham & Company LLC increased their price objective on Genpact from $40.00 to $42.00 and gave the company a buy rating in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on Genpact from $35.00 to $40.00 and gave the stock a hold rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price target on Genpact from $35.00 to $43.00 and gave the company a neutral rating in a research note on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $39.44.

Genpact Stock Performance

Shares of NYSE:G opened at $38.96 on Wednesday. The firm has a 50 day moving average of $38.25 and a 200 day moving average of $34.50. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. Genpact has a 52 week low of $29.41 and a 52 week high of $39.95.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts predict that Genpact will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Genpact by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock worth $8,768,000 after purchasing an additional 47,754 shares during the period. Vanguard Group Inc. grew its holdings in Genpact by 1.3% during the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock worth $565,845,000 after acquiring an additional 218,526 shares during the period. Running Oak Capital LLC raised its position in Genpact by 19.6% during the first quarter. Running Oak Capital LLC now owns 241,438 shares of the business services provider’s stock valued at $7,955,000 after acquiring an additional 39,592 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Genpact by 30.8% in the first quarter. Quantbot Technologies LP now owns 122,874 shares of the business services provider’s stock valued at $4,049,000 after acquiring an additional 28,938 shares during the period. Finally, Duality Advisers LP purchased a new stake in Genpact in the 1st quarter worth approximately $2,725,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.