Stock analysts at StockNews.com initiated coverage on shares of Genpact (NYSE:G – Get Rating) in a research note issued on Wednesday. The firm set a “buy” rating on the business services provider’s stock.
Separately, Citigroup decreased their target price on shares of Genpact from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.
Genpact Price Performance
Genpact stock opened at $44.50 on Wednesday. Genpact has a 52-week low of $37.68 and a 52-week high of $54.03. The firm has a fifty day moving average of $46.32 and a 200-day moving average of $44.22. The firm has a market capitalization of $8.17 billion, a P/E ratio of 24.72, a PEG ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.
Genpact (NYSE:G – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. Genpact had a net margin of 8.09% and a return on equity of 22.29%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts predict that Genpact will post 2.4 EPS for the current year.
Insider Buying and Selling
In related news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total value of $2,283,000.00. Following the sale, the chief executive officer now owns 644,377 shares of the company’s stock, valued at approximately $29,422,253.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Kathryn Vanpelt Stein sold 30,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total value of $1,431,300.00. Following the sale, the senior vice president now owns 98,223 shares of the company’s stock, valued at approximately $4,686,219.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO N. V. Tyagarajan sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total transaction of $2,283,000.00. Following the transaction, the chief executive officer now directly owns 644,377 shares in the company, valued at approximately $29,422,253.82. The disclosure for this sale can be found here. Insiders have sold a total of 120,713 shares of company stock valued at $5,645,269 in the last quarter. Company insiders own 2.67% of the company’s stock.
Hedge Funds Weigh In On Genpact
Several large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in shares of Genpact by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,277,738 shares of the business services provider’s stock valued at $350,645,000 after purchasing an additional 157,238 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Genpact by 9.9% during the 2nd quarter. Brown Advisory Inc. now owns 5,681,850 shares of the business services provider’s stock valued at $240,684,000 after purchasing an additional 511,179 shares in the last quarter. State Street Corp boosted its position in shares of Genpact by 3.7% during the 1st quarter. State Street Corp now owns 4,295,428 shares of the business services provider’s stock valued at $186,894,000 after purchasing an additional 152,412 shares in the last quarter. Capital International Investors boosted its position in shares of Genpact by 101.8% during the 1st quarter. Capital International Investors now owns 3,963,229 shares of the business services provider’s stock valued at $172,440,000 after purchasing an additional 1,999,617 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Genpact by 10.5% during the 2nd quarter. Franklin Resources Inc. now owns 3,171,287 shares of the business services provider’s stock valued at $134,335,000 after purchasing an additional 300,941 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.
Genpact Company Profile
Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.