Genpact Limited (NYSE:G) Receives Consensus Recommendation of "Hold" from Analysts

Genpact Limited (NYSE:G - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $50.71.

G has been the subject of a number of analyst reports. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC decreased their price objective on shares of Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Robert W. Baird dropped their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th.

Genpact Stock Performance

Shares of NYSE:G traded up $0.20 on Monday, hitting $43.74. 2,537,570 shares of the company were exchanged, compared to its average volume of 1,361,579. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average price is $48.57 and its 200 day moving average price is $47.10. Genpact has a 1-year low of $30.38 and a 1-year high of $56.76. The firm has a market capitalization of $7.68 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Genpact will post 3.21 EPS for the current year.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genpact

A number of large investors have recently made changes to their positions in G. Blue Trust Inc. grew its holdings in shares of Genpact by 8.7% in the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after purchasing an additional 441 shares during the period. Burney Co. boosted its holdings in Genpact by 242.8% in the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider's stock valued at $5,618,000 after purchasing an additional 92,641 shares during the last quarter. KBC Group NV purchased a new stake in shares of Genpact in the 4th quarter valued at approximately $298,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Genpact during the 4th quarter worth approximately $2,030,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Genpact during the 4th quarter worth approximately $921,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.