Genpact Limited (NYSE:G)‘s stock had its “buy” rating restated by Cowen and Company in a report released on Thursday. They presently have a $33.00 price target on the business services provider’s stock. Cowen and Company’s price target indicates a potential upside of 12.74% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 price objective on shares of Genpact Limited in a research note on Monday, September 25th. Cantor Fitzgerald reiterated a “buy” rating and issued a $32.00 price objective on shares of Genpact Limited in a research note on Wednesday, September 13th. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $34.00 price objective on shares of Genpact Limited in a research note on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.38.

Genpact Limited (NYSE:G) traded up 0.65% during mid-day trading on Thursday, hitting $29.46. 384,226 shares of the stock were exchanged. The company has a 50-day moving average price of $28.51 and a 200-day moving average price of $27.22. Genpact Limited has a one year low of $22.62 and a one year high of $31.93. The company has a market cap of $5.68 billion, a P/E ratio of 22.25 and a beta of 0.53.

Genpact Limited (NYSE:G) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating 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 business earned $0.36 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts forecast that Genpact Limited will post $1.56 earnings per share for the current fiscal year.

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In other Genpact Limited news, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $244,087,661.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward J. Fitzpatrick sold 57,934 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $28.54, for a total transaction of $1,653,436.36. Following the transaction, the chief financial officer now owns 113,520 shares of the company’s stock, valued at $3,239,860.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,358,442 shares of company stock valued at $297,475,276 over the last 90 days. 1.55% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of Genpact Limited by 0.3% during the second quarter. Alps Advisors Inc. now owns 20,129 shares of the business services provider’s stock worth $560,000 after buying an additional 52 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Genpact Limited by 1.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after buying an additional 94 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Genpact Limited by 1.2% during the first quarter. Fifth Third Bancorp now owns 9,976 shares of the business services provider’s stock worth $247,000 after buying an additional 121 shares in the last quarter. Sawtooth Solutions LLC grew its holdings in shares of Genpact Limited by 1.9% during the second quarter. Sawtooth Solutions LLC now owns 9,034 shares of the business services provider’s stock worth $251,000 after buying an additional 165 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of Genpact Limited by 5.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after buying an additional 189 shares in the last quarter. 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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