Genpact (NYSE:G) Hits New 12-Month High – What’s Next?

Genpact Limited (NYSE:G) hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.15 and last traded at $48.94, with a volume of 1323947 shares changing hands. The stock had previously closed at $48.69.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on G shares. Robert W. Baird increased their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Needham & Company LLC raised their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.50.

Genpact Trading Down 0.0 %

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $44.86 and a 200-day moving average price of $41.09. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.61 and a beta of 1.20.

Genpact (NYSE:G) last released its earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Genpact had a return on equity of 21.85% and a net margin of 14.22%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.67 EPS. Research analysts predict that Genpact Limited will post 2.94 EPS for the current fiscal year.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,058 shares of company stock worth $1,558,675 in the last ninety days. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Genpact

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Genpact by 6.5% in the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after acquiring an additional 252,674 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after purchasing an additional 413,646 shares in the last quarter. JPMorgan Chase & Co. raised its position in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after purchasing an additional 2,060,595 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in Genpact by 390.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider’s stock worth $91,480,000 after buying an additional 1,695,706 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Genpact by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,326,474 shares of the business services provider’s stock valued at $56,972,000 after buying an additional 4,453 shares during the last quarter. 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.