Genpact (NYSE:G) Price Target Raised to $55.00

Genpact (NYSE:G) had its target price hoisted by stock analysts at Mizuho from $45.00 to $55.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Mizuho’s price objective indicates a potential upside of 0.53% from the company’s previous close.

Several other research firms have also issued reports on G. Robert W. Baird upped their target price 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 Genpact from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $60.00 in a report on Friday. Needham & Company LLC upped their price target on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Genpact presently has an average rating of “Hold” and a consensus price target of $48.44.

Genpact Stock Down 0.4 %

Shares of NYSE:G traded down $0.24 during midday trading on Monday, reaching $54.71. 934,675 shares of the company were exchanged, compared to its average volume of 1,436,995. The firm has a market cap of $9.65 billion, a PE ratio of 19.26, a P/E/G ratio of 1.63 and a beta of 1.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The stock has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $41.41.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. As a group, sell-side analysts forecast that Genpact will post 3.08 earnings per share for the current year.

Insider Activity at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction on 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 owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,058 shares of company stock valued at $1,558,675 in the last quarter. Insiders own 2.80% of the company’s stock.

Institutional Trading of Genpact

Several hedge funds have recently modified their holdings of G. JPMorgan Chase & Co. grew 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 in the last quarter. Tandem Investment Advisors Inc. increased its holdings in Genpact by 390.5% during the fourth 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 during the last quarter. Victory Capital Management Inc. raised its position in Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock worth $423,205,000 after acquiring an additional 1,511,790 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Genpact during the 3rd quarter valued at approximately $19,779,000. Finally, Geode Capital Management LLC increased its stake in shares of Genpact by 12.6% during the 3rd 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 last quarter. 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.