Genpact (NYSE:G) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Genpact (NYSE:G) from a hold rating to a buy rating in a report released on Tuesday, Marketbeat reports. They currently have $55.00 target price on the business services provider’s stock, up from their prior target price of $44.00.

G has been the topic of a number of other reports. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. TD Cowen boosted their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Genpact Stock Performance

Genpact stock opened at $46.17 on Tuesday. The company has a market cap of $8.14 billion, a PE ratio of 12.68, a P/E/G ratio of 1.52 and a beta of 1.18. Genpact has a 12 month low of $30.23 and a 12 month high of $47.98. The company has a fifty day moving average price of $44.39 and a two-hundred day moving average price of $40.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Genpact had a return on equity of 21.85% and a net margin of 14.22%. During the same period in the prior year, the firm earned $0.67 EPS. Research analysts expect that Genpact will post 2.95 earnings per share for the current year.

Insider Buying and Selling at Genpact

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in Genpact by 55.7% during the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 433 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares during the period. Versant Capital Management Inc raised its stake in shares of Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 461 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Genpact by 22.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock worth $145,000 after purchasing an additional 619 shares during the period. 96.03% of the stock is owned by 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.