Genpact (G) Price Target Raised to $35.00

Genpact (NYSE:G) had its price target increased by analysts at BMO Capital Markets to $35.00 in a report released on Tuesday, The Fly reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 8.36% from the company’s current price.

Several other research firms have also recently commented on G. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Genpact in a report on Tuesday. Finally, Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of Genpact in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Genpact presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Genpact (NYSE:G) opened at $32.30 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. The firm has a market cap of $6,167.71, a P/E ratio of 23.41, a P/E/G ratio of 1.98 and a beta of 0.57. Genpact has a twelve month low of $23.34 and a twelve month high of $34.79.

Genpact (NYSE:G) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $734.41 million during the quarter, compared to analysts’ expectations of $723.55 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. research analysts expect that Genpact will post 1.47 EPS for the current fiscal year.

In related news, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total value of $45,384,129.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Piyush Mehta sold 12,500 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $32.00, for a total transaction of $400,000.00. Following the completion of the sale, the senior vice president now owns 77,944 shares of the company’s stock, valued at approximately $2,494,208. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,660,470 shares of company stock valued at $50,598,982. 1.41% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in G. The Manufacturers Life Insurance Company raised its position in Genpact by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock worth $181,000 after buying an additional 455 shares during the last quarter. Ameriprise Financial Inc. raised its position in Genpact by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock worth $840,000 after buying an additional 907 shares during the last quarter. Sit Investment Associates Inc. raised its position in Genpact by 4.5% during the 4th quarter. Sit Investment Associates Inc. now owns 37,100 shares of the business services provider’s stock worth $1,178,000 after buying an additional 1,590 shares during the last quarter. FDx Advisors Inc. raised its position in Genpact by 2.9% during the 3rd quarter. FDx Advisors Inc. now owns 61,488 shares of the business services provider’s stock worth $1,768,000 after buying an additional 1,713 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Genpact by 12.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 16,466 shares of the business services provider’s stock worth $473,000 after buying an additional 1,816 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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About Genpact

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.

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