Genpact (NYSE:G) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Genpact from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with seven Hold ratings, two Buy ratings, and an average price target of $39.33.
• Genpact shares opened at $35.14 and were reported up 2.1%, while the company has a $5.90 billion market capitalization and a 52-week trading range of $26.85 to $48.64.
• Genpact reported quarterly revenue of $1.34 billion and earnings of $1.00 per share; analysts expect full-year earnings of approximately $3.66 per share. An executive recently sold 6,191 shares, while institutional investors own 96.03% of the stock.

Genpact (NYSE:G - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts also recently issued reports on G. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. TD Cowen raised their target price on shares of Genpact from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $40.00 price target on shares of Genpact in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Genpact from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Genpact has a consensus rating of "Hold" and an average target price of $39.33.

Genpact Trading Up 2.1%

G opened at $35.14 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.92 and a beta of 0.58. 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. The stock has a fifty day moving average price of $34.09 and a 200-day moving average price of $34.29.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%.The firm had revenue of $1.34 billion during the quarter. As a group, equities research analysts anticipate that Genpact will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 approximately $2,601,468.59. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in G. Osbon Capital Management LLC purchased a new stake in shares of Genpact during the fourth quarter valued at $25,000. iSAM Funds UK Ltd purchased a new position in Genpact in the 3rd quarter worth $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the 3rd quarter worth $29,000. Larson Financial Group LLC lifted its position in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider's stock worth $33,000 after acquiring an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Genpact during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Company Profile

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.

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