Genpact (NYSE:G) Reaches New 12-Month High After Analyst Upgrade

Genpact Limited (NYSE:G)’s stock price reached a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from $47.00 to $50.00. Citigroup currently has a buy rating on the stock. Genpact traded as high as $44.57 and last traded at $44.47, with a volume of 23006 shares changing hands. The stock had previously closed at $44.10.

Other analysts have also recently issued reports about the company. Wells Fargo & Co upped their target price on Genpact from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Genpact in a research note on Friday, November 8th. Finally, ValuEngine lowered Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.50.

In other news, Director David Humphrey sold 12,916,004 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $39.87, for a total transaction of $514,961,079.48. Following the completion of the sale, the director now owns 34,907 shares in the company, valued at approximately $1,391,742.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.86% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Squar Milner Financial Services LLC increased its holdings in Genpact by 370.1% in the 3rd quarter. Squar Milner Financial Services LLC now owns 677 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 533 shares during the last quarter. Captrust Financial Advisors lifted its stake in Genpact by 109.8% during the second quarter. Captrust Financial Advisors now owns 1,072 shares of the business services provider’s stock worth $41,000 after purchasing an additional 561 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Genpact during the third quarter worth $43,000. Lindbrook Capital LLC boosted its position in shares of Genpact by 195.3% during the third quarter. Lindbrook Capital LLC now owns 1,193 shares of the business services provider’s stock worth $46,000 after buying an additional 789 shares during the period. Finally, Capital Bank & Trust Co acquired a new stake in shares of Genpact in the second quarter valued at $78,000. Institutional investors own 94.28% of the company’s stock.

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.04 and a beta of 0.80. The stock has a 50 day moving average price of $41.88 and a two-hundred day moving average price of $40.07.

Genpact (NYSE:G) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Genpact had a return on equity of 21.42% and a net margin of 8.84%. The firm had revenue of $888.80 million for the quarter, compared to analyst estimates of $884.91 million. During the same quarter in the prior year, the company earned $0.48 EPS. Genpact’s revenue was up 18.8% on a year-over-year basis. As a group, research analysts expect that Genpact Limited will post 1.7 earnings per share for the current fiscal year.

About Genpact (NYSE:G)

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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