Needham & Company LLC Reaffirms "Buy" Rating for Genpact (NYSE:G)

Genpact (NYSE:G - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $50.00 price objective on the business services provider's stock. Needham & Company LLC's target price points to a potential upside of 14.81% from the stock's current price.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Robert W. Baird decreased their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Genpact currently has a consensus rating of "Moderate Buy" and an average target price of $50.71.

Genpact Trading Up 3.1%

Shares of NYSE:G opened at $43.55 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.64 and a beta of 0.94. Genpact has a 1-year low of $30.38 and a 1-year high of $56.76. The company has a 50 day moving average price of $44.54 and a 200 day moving average price of $46.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, research analysts anticipate that Genpact will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at Genpact

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of Genpact stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.07% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of G. Vanguard Group Inc. increased its position in Genpact by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock worth $728,539,000 after buying an additional 61,376 shares during the period. Victory Capital Management Inc. grew its stake in shares of Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after acquiring an additional 1,511,790 shares during the last quarter. Franklin Resources Inc. increased its position in Genpact by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock worth $180,560,000 after acquiring an additional 55,771 shares during the period. JPMorgan Chase & Co. raised its stake in Genpact by 20.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock valued at $207,129,000 after purchasing an additional 710,704 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Genpact by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock valued at $165,288,000 after purchasing an additional 208,759 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

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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