Genpact Limited (NYSE:G) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 8th. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank AG boosted their price target on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets boosted their price target on shares of Genpact Limited from $26.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Finally, Wedbush initiated coverage on shares of Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.14.

Shares of Genpact Limited (NYSE G) traded up 0.56% on Wednesday, reaching $28.71. The company’s stock had a trading volume of 1,678,226 shares. The company has a market cap of $5.54 billion, a P/E ratio of 21.68 and a beta of 0.50. The company’s 50 day moving average price is $28.54 and its 200 day moving average price is $26.05. Genpact Limited has a 12-month low of $22.58 and a 12-month high of $31.93.

Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Genpact Limited will post $1.56 EPS for the current fiscal year.

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In other news, insider Mohit Thukral sold 27,228 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total value of $740,873.88. Following the completion of the transaction, the insider now owns 68,845 shares in the company, valued at approximately $1,873,272.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.55% of the company’s stock.

Hedge funds have recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its stake in Genpact Limited by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares during the period. SG Americas Securities LLC purchased a new stake in Genpact Limited during the first quarter valued at approximately $110,000. Acrospire Investment Management LLC boosted its stake in Genpact Limited by 569.8% in the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,480 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after buying an additional 2,403 shares during the period. Hedge funds and other institutional investors own 92.25% of the company’s stock.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact Limited (NYSE:G)

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