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

Key Points

• Wall Street Zen upgraded Genpact from “hold” to “buy,” although the broader analyst consensus remains “Hold,” with a $39.33 average price target.
• Genpact opened at $33.30 and has a $5.60 billion market capitalization; its shares have traded between $26.85 and $48.64 over the past 52 weeks.
• The company reported quarterly earnings of $1.00 per share on $1.34 billion in revenue, while analysts expect full-year earnings of $3.66 per share. Institutional investors own approximately 96.03% of the stock.

Genpact (NYSE:G - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Susquehanna boosted their target price on Genpact from $33.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Weiss Ratings restated a "hold (c-)" rating on shares of Genpact in a report on Monday, September 21st. Needham & Company LLC reduced their target price on shares of Genpact from $50.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 7th. 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 report on Friday, August 7th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $39.33.

Genpact Price Performance

NYSE G opened at $33.30 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.92 and a beta of 0.57. The business has a 50 day simple moving average of $35.26 and a 200 day simple moving average of $33.72. Genpact has a 52-week low of $26.85 and a 52-week high of $48.64.

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

Insider Transactions at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction 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 completion of the transaction, the senior vice president directly owned 70,253 shares of the company's stock, valued at $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genpact

Large investors have recently modified their holdings of the stock. Osbon Capital Management LLC acquired a new stake in shares of Genpact during the 4th quarter valued at $25,000. WPG Advisers LLC increased its holdings in Genpact by 74.6% in the 1st quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider's stock worth $39,000 after purchasing an additional 443 shares in the last quarter. Basecamp Wealth Advisors LLC increased its holdings in Genpact by 54.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider's stock worth $39,000 after purchasing an additional 370 shares in the last quarter. SJS Investment Consulting Inc. raised its position in Genpact by 22.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider's stock valued at $63,000 after purchasing an additional 312 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in Genpact by 315.6% in the first quarter. Root Financial Partners LLC now owns 2,078 shares of the business services provider's stock valued at $77,000 after purchasing an additional 1,578 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

About Genpact

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.

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