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

Key Points

• Wall Street Zen upgraded Genpact from “Hold” to “Buy,” though the broader analyst consensus remains “Hold,” with two Buy ratings and seven Hold ratings and an average price target of $39.33.
• Genpact shares opened at $38.10, with a $6.40 billion market capitalization; the company recently reported quarterly EPS of $1.00 on $1.34 billion in revenue and analysts expect full-year EPS of $3.67.
• Institutional investors own approximately 96.03% of Genpact and several major funds increased their holdings, while a senior vice president recently sold 6,191 shares at an average price of $37.03.

Genpact (NYSE:G - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other brokerages have also issued reports on G. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a research note on Friday, July 10th. Susquehanna raised their price target on shares of Genpact from $33.00 to $37.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Citigroup upped their price objective on shares of Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Needham & Company LLC reduced their target price on Genpact from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Genpact from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Genpact currently has an average rating of "Hold" and a consensus target price of $39.33.

Genpact Stock Performance

Shares of G stock opened at $38.10 on Friday. The stock has a market capitalization of $6.40 billion, a PE ratio of 11.31, a PEG ratio of 1.00 and a beta of 0.57. The business's 50 day simple moving average is $32.44 and its 200 day simple moving average is $34.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. Genpact has a one year low of $26.85 and a one year high of $48.64.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The firm had revenue of $1.34 billion for the quarter. As a group, research analysts forecast that Genpact will post 3.67 earnings per share for the current year.

Insider Activity at Genpact

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

Institutional Trading of Genpact

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nalanda India Equity Fund Ltd lifted its holdings in shares of Genpact by 8.0% in the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider's stock valued at $641,003,000 after purchasing an additional 1,015,556 shares in the last quarter. AQR Capital Management LLC grew its holdings in Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider's stock worth $307,584,000 after buying an additional 3,131,643 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider's stock valued at $208,965,000 after buying an additional 598,877 shares during the last quarter. California State Teachers Retirement System raised its position in Genpact by 2,558.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,047,048 shares of the business services provider's stock valued at $138,794,000 after buying an additional 4,857,216 shares during the last quarter. Finally, FIL Ltd lifted its stake in Genpact by 114.4% during the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider's stock valued at $224,678,000 after acquiring an additional 2,562,484 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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