Genpact (NYSE:G) Upgraded at TD Cowen

Genpact (NYSE:G) was upgraded by investment analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Friday,Finviz reports. The brokerage currently has a $60.00 target price on the business services provider’s stock, up from their previous target price of $45.00. TD Cowen’s target price would suggest a potential upside of 21.52% from the stock’s previous close.

G has been the subject of several other research reports. Needham & Company LLC increased 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 Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird upped their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.38.

Genpact Stock Performance

Shares of NYSE:G opened at $49.38 on Friday. Genpact has a 1 year low of $30.23 and a 1 year high of $49.68. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $44.86 and its 200 day simple moving average is $41.09.

Genpact (NYSE:G) last released its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 14.22% and a return on equity of 21.85%. As a group, research analysts predict that Genpact will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,058 shares of company stock worth $1,558,675. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

A number of large investors have recently bought and sold shares of G. Raymond James Financial Inc. bought a new position in shares of Genpact during the 4th quarter worth about $5,552,000. Arizona State Retirement System acquired a new stake in Genpact in the 4th quarter valued at $2,109,000. Proficio Capital Partners LLC bought a new stake in Genpact during the 4th quarter valued at $983,000. Assetmark Inc. raised its holdings in Genpact by 10.0% during the fourth quarter. Assetmark Inc. now owns 5,927 shares of the business services provider’s stock worth $255,000 after buying an additional 540 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in shares of Genpact by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock valued at $69,000 after buying an additional 453 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.