Genpact (NYSE:G) Raised to “Buy” at Wall Street Zen

Genpact (NYSE:G) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genpact in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a research report on Friday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Needham & Company LLC decreased their target price on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, TD Cowen boosted their target price on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.33.

Genpact Price Performance

Shares of NYSE:G opened at $33.30 on Friday. The firm has a 50 day moving average of $35.26 and a 200-day moving average of $33.69. The stock has a market capitalization of $5.60 billion, a PE ratio of 9.88, a PEG ratio of 0.89 and a beta of 0.57. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact has a 12 month low of $26.85 and a 12 month high of $48.64.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The company had revenue of $1.34 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. On average, equities research analysts predict that Genpact will post 3.66 EPS for the current fiscal year.

Insider Activity at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.58% of the company’s stock.

Hedge Funds Weigh In On Genpact

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional boosted its stake in shares of Genpact by 102.7% during the third quarter. CX Institutional now owns 361,074 shares of the business services provider’s stock valued at $11,746,000 after purchasing an additional 182,960 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Genpact by 45.4% in the third quarter. Versant Capital Management Inc now owns 7,795 shares of the business services provider’s stock valued at $254,000 after buying an additional 2,434 shares during the period. QRG Capital Management Inc. increased its stake in shares of Genpact by 1.4% in the second quarter. QRG Capital Management Inc. now owns 42,928 shares of the business services provider’s stock valued at $1,181,000 after buying an additional 584 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Genpact by 57.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,806 shares of the business services provider’s stock valued at $490,000 after buying an additional 6,520 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Genpact by 135.5% during the 2nd quarter. Tidal Investments LLC now owns 57,011 shares of the business services provider’s stock worth $1,568,000 after buying an additional 32,805 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Company Profile

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.