Brokerages Set Genpact Limited (NYSE:G) PT at $44.50

Genpact Limited (NYSE:G) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $44.50.

Several brokerages have recently commented on G. Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen upped their price objective 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.

Genpact Price Performance

G stock opened at $48.94 on Friday. Genpact has a 12 month low of $30.23 and a 12 month high of $49.15. The firm has a market cap of $8.63 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.61 and a beta of 1.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $44.75 and its two-hundred day moving average price is $40.92.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Genpact had a return on equity of 21.85% and a net margin of 14.22%. During the same period in the previous year, the business posted $0.67 earnings per share. On average, analysts anticipate that Genpact will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,058 shares of company stock worth $1,558,675. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Genpact

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SRH Advisors LLC purchased a new stake in Genpact during the fourth quarter worth $26,000. Manchester Capital Management LLC acquired a new stake in Genpact in the 4th quarter worth approximately $38,000. UMB Bank n.a. lifted its position in Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after acquiring an additional 433 shares during the period. Venturi Wealth Management LLC lifted its position in Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Genpact by 17.0% during the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after purchasing an additional 461 shares during the period. 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.