Genpact (NYSE:G) PT Raised to $44.00 at Robert W. Baird

Genpact (NYSE:G) had its target price lifted by stock analysts at Robert W. Baird from $38.00 to $44.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 14.64% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Needham & Company LLC raised their target price on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group raised their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. BMO Capital Markets raised 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. JPMorgan Chase & Co. raised their target price on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, TD Cowen raised their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.44.

Genpact Trading Down 1.5 %

Shares of G stock opened at $38.38 on Wednesday. The stock’s fifty day moving average price is $38.15 and its two-hundred day moving average price is $34.43. The company has a market cap of $6.84 billion, a PE ratio of 10.84, a P/E/G ratio of 1.63 and a beta of 1.13. Genpact has a fifty-two week low of $29.41 and a fifty-two week high of $39.95. 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 released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Equities analysts predict that Genpact will post 2.85 EPS for the current fiscal year.

Institutional Trading of Genpact

Large investors have recently made changes to their positions in the company. CWM LLC boosted its stake in Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after buying an additional 989 shares during the last quarter. Quarry LP boosted its stake in shares of Genpact by 530.1% in the 4th quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after buying an additional 1,744 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after buying an additional 2,123 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after buying an additional 2,293 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

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.