Genpact (NYSE:G) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a report published on Tuesday, Marketbeat Ratings reports. Jefferies Financial Group currently has $55.00 price objective on the business services provider’s stock, up from their previous price objective of $44.00.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC lifted their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Robert W. Baird lifted their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.00.

Genpact Price Performance

Shares of NYSE G opened at $46.17 on Tuesday. Genpact has a fifty-two week low of $30.23 and a fifty-two week high of $47.98. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50-day simple moving average is $44.41 and its 200 day simple moving average is $39.87.

Genpact (NYSE:G) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $0.67 EPS. As a group, research analysts anticipate that Genpact will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,058 shares of company stock worth $1,558,675. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Genpact

A number of hedge funds have recently made changes to their positions in G. American Century Companies Inc. lifted its stake in Genpact by 18.2% in the second quarter. American Century Companies Inc. now owns 25,557 shares of the business services provider’s stock worth $823,000 after purchasing an additional 3,936 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Genpact by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after purchasing an additional 847,249 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Genpact by 18.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 50,971 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 7,911 shares during the last quarter. Intech Investment Management LLC bought a new stake in Genpact in the second quarter worth $701,000. Finally, Sei Investments Co. lifted its stake in Genpact by 2.3% in the second quarter. Sei Investments Co. now owns 63,706 shares of the business services provider’s stock worth $2,051,000 after purchasing an additional 1,445 shares during the last quarter. 96.03% of the stock is owned by 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.