TD Cowen Upgrades Genpact (NYSE:G) to Buy

Genpact (NYSE:G) was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating in a research report issued on Friday,Finviz reports. The brokerage presently has a $60.00 price target on the business services provider’s stock, up from their previous price target of $45.00. TD Cowen’s price objective indicates a potential upside of 21.52% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC upped their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.38.

Genpact Trading Down 0.1 %

Shares of G opened at $49.38 on Friday. The stock has a fifty day moving average price of $44.86 and a two-hundred day moving average price of $41.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.61 and a beta of 1.20. Genpact has a 52-week low of $30.23 and a 52-week high of $49.68.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 14.22% and a return on equity of 21.85%. Analysts predict that Genpact will post 2.94 EPS for the current fiscal year.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares in the company, valued at $6,475,125.06. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock worth $1,558,675 in the last ninety days. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after acquiring an additional 226 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Genpact by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after buying an additional 297 shares during the last quarter. Tealwood Asset Management Inc. increased its position in shares of Genpact by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after acquiring an additional 339 shares during the last quarter. Lecap Asset Management Ltd. increased its position in shares of Genpact by 2.1% during the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after purchasing an additional 364 shares during the last quarter. Finally, Suncoast Equity Management increased its position in Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after acquiring an additional 375 shares during the period. 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.