Genpact (NYSE:G) Price Target Raised to $40.00 at Jefferies Financial Group

Genpact (NYSE:G) had its price objective raised by research analysts at Jefferies Financial Group from $35.00 to $40.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 2.88% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. BMO Capital Markets boosted their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Finally, TD Cowen increased their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $38.78.

Genpact Stock Up 0.3 %

G opened at $38.88 on Monday. The stock’s fifty day moving average is $35.42 and its 200-day moving average is $33.66. Genpact has a one year low of $29.41 and a one year high of $39.95. The company has a market capitalization of $6.93 billion, a PE ratio of 11.11, a P/E/G ratio of 1.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, equities analysts predict that Genpact will post 2.85 EPS for the current fiscal year.

Institutional Trading of Genpact

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Genpact by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,073,016 shares of the business services provider’s stock worth $37,244,000 after acquiring an additional 26,084 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Genpact by 689.4% during the 4th quarter. BNP Paribas Financial Markets now owns 80,815 shares of the business services provider’s stock worth $2,805,000 after purchasing an additional 70,578 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Genpact by 3.0% during the 4th quarter. AGF Management Ltd. now owns 84,309 shares of the business services provider’s stock valued at $2,926,000 after buying an additional 2,448 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Genpact in the 4th quarter valued at approximately $1,656,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Genpact by 24.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,475 shares of the business services provider’s stock valued at $76,898,000 after buying an additional 432,921 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.