Genpact (NYSE:G) Price Target Cut to $38.00 by Analysts at Robert W. Baird

Genpact (NYSE:G) had its price objective decreased by investment analysts at Robert W. Baird from $45.00 to $38.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 31.17% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Susquehanna cut their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Citigroup dropped their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Genpact currently has an average rating of “Hold” and an average price target of $42.29.

Genpact Price Performance

Shares of NYSE:G opened at $28.97 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $37.68. Genpact has a 1-year low of $26.85 and a 1-year high of $48.64. The stock has a market cap of $4.91 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.61.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The firm had revenue of $1.30 billion during the quarter. As a group, analysts forecast that Genpact will post 3.64 EPS for the current fiscal year.

Institutional Trading of Genpact

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Genpact by 19.7% during the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock valued at $6,131,000 after acquiring an additional 20,043 shares during the period. Amundi bought a new stake in shares of Genpact in the 1st quarter worth approximately $58,000. Goldman Sachs Group Inc. raised its holdings in shares of Genpact by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after purchasing an additional 60,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Genpact by 12.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock valued at $25,776,000 after purchasing an additional 56,557 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in Genpact by 10.3% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.