Genpact Limited (NYSE:G)‘s stock had its “outperform” rating restated by investment analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday. They presently have a $36.00 target price on the business services provider’s stock, up from their prior target price of $34.00. Robert W. Baird’s price target would indicate a potential upside of 22.82% from the stock’s previous close.

G has been the topic of several other research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a report on Monday. BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact Limited in a report on Friday. Zacks Investment Research lowered Genpact Limited from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $32.00 price objective on shares of Genpact Limited in a report on Wednesday, September 13th. Finally, BidaskClub lowered Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.38.

Genpact Limited (G) traded up 0.21% during mid-day trading on Tuesday, hitting $29.31. The stock had a trading volume of 522,305 shares. Genpact Limited has a 52-week low of $22.62 and a 52-week high of $31.93. The stock has a market cap of $5.65 billion, a P/E ratio of 22.14 and a beta of 0.53. The firm has a 50-day moving average of $28.46 and a 200-day moving average of $27.17.

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

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In other news, insider Private Ltd Gic sold 1,501,126 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $43,112,338.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $28.37, for a total transaction of $709,250.00. Following the sale, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders have sold 10,358,442 shares of company stock valued at $297,475,276 in the last quarter. Insiders own 1.55% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC acquired a new stake in Genpact Limited in the second quarter valued at about $886,000. Renaissance Technologies LLC acquired a new stake in Genpact Limited in the first quarter valued at about $19,870,000. AQR Capital Management LLC lifted its position in Genpact Limited by 6.0% in the first quarter. AQR Capital Management LLC now owns 1,983,274 shares of the business services provider’s stock valued at $49,106,000 after purchasing an additional 112,723 shares during the period. BNP Paribas Arbitrage SA lifted its position 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 purchasing an additional 2,403 shares during the period. Finally, Dalton Investments LLC lifted its position in Genpact Limited by 6.0% in the second quarter. Dalton Investments LLC now owns 839,960 shares of the business services provider’s stock valued at $23,376,000 after purchasing an additional 47,300 shares during the period. Institutional investors and hedge funds own 92.16% 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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