Susquehanna Forecasts Strong Price Appreciation for Genpact (NYSE:G) Stock

Key Points

• Susquehanna raised Genpact’s price target from $37 to $40 while maintaining a “neutral” rating, implying only 1.71% upside from the prior close.
• Analyst sentiment remains cautious: two analysts rate Genpact a Buy and seven rate it a Hold, producing a consensus “Hold” rating and an average target price of $39.67.
• Genpact reported quarterly revenue of $1.34 billion and earnings per share of $1.00, while institutional investors own a substantial 96.03% of the company’s stock.

Genpact (NYSE:G - Get Free Report) had its target price hoisted by research analysts at Susquehanna from $37.00 to $40.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Susquehanna's price target would suggest a potential upside of 1.71% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Genpact from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, October 14th. Citigroup lifted their price target on shares of Genpact from $32.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Robert W. Baird reduced their price target on Genpact from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on Genpact from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.67.

Genpact Stock Performance

Shares of Genpact stock opened at $39.33 on Thursday. The company has a market capitalization of $6.58 billion, a PE ratio of 11.28, a P/E/G ratio of 1.03 and a beta of 0.57. The company has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $33.51. Genpact has a one year low of $26.85 and a one year high of $48.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00.

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 business had revenue of $1.34 billion for the quarter. Research analysts expect that Genpact will post 3.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Genpact

A number of institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of Genpact in the 3rd quarter valued at $30,000. Vest Financial LLC increased its stake in shares of Genpact by 10.1% in the third quarter. Vest Financial LLC now owns 201,772 shares of the business services provider's stock worth $6,564,000 after acquiring an additional 18,433 shares during the period. Sawyer & Company Inc acquired a new stake in shares of Genpact in the third quarter worth $955,000. Nisa Investment Advisors LLC raised its holdings in shares of Genpact by 40.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,175 shares of the business services provider's stock worth $103,000 after purchasing an additional 918 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in shares of Genpact during the third quarter worth $27,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Company Profile

Genpact NYSE: G is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.

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