Genpact (NYSE:G) Upgraded at Citigroup

Key Points

• Genpact has been upgraded to a "hold" rating by Citigroup, amid several other mixed ratings from analysts regarding the stock's performance.
• The company's recent earnings report showed an EPS of $0.88, exceeding expectations, and a revenue increase of 6.6% year-over-year, signaling strong performance.
• Insider selling has occurred, with CEO Balkrishan Kalra selling 55,000 shares, which represents a 15.70% decrease in his ownership, indicating potential caution among leadership.

Genpact (NYSE:G - Get Free Report) was upgraded by investment analysts at Citigroup to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on G. Weiss Ratings reiterated a "hold (c)" rating on shares of Genpact in a report on Wednesday, October 8th. Needham & Company LLC increased their target price on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Genpact presently has an average rating of "Hold" and an average target price of $51.13.

Genpact Price Performance

Shares of G stock opened at $39.79 on Thursday. Genpact has a 52-week low of $37.82 and a 52-week high of $56.76. The stock has a market cap of $6.93 billion, a PE ratio of 13.22, a PEG ratio of 1.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. The firm's 50 day moving average price is $42.37 and its two-hundred day moving average price is $43.99.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, analysts forecast that Genpact will post 3.21 EPS for the current year.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 55,000 shares of Genpact stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the sale, the chief executive officer directly owned 295,246 shares in the company, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 76,902 shares of Genpact stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the completion of the sale, the senior vice president owned 134,880 shares in the company, valued at $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genpact

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new stake in Genpact in the 1st quarter valued at $27,000. Private Trust Co. NA increased its stake in Genpact by 364.2% in the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider's stock valued at $27,000 after buying an additional 499 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in Genpact in the 1st quarter valued at $35,000. Steph & Co. acquired a new stake in Genpact in the 2nd quarter valued at $37,000. Finally, Huntington National Bank increased its stake in Genpact by 208.2% in the 2nd quarter. Huntington National Bank now owns 906 shares of the business services provider's stock valued at $40,000 after buying an additional 612 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

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.

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