Robert W. Baird Issues Pessimistic Forecast for Genpact (NYSE:G) Stock Price

Genpact (NYSE:G) had its price objective cut by Robert W. Baird from $56.00 to $50.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Mizuho upped their price objective on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC decreased their price objective on shares of Genpact from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.71.

Genpact Stock Up 1.0 %

Shares of G stock opened at $42.45 on Thursday. The firm’s fifty day moving average price is $48.74 and its two-hundred day moving average price is $47.01. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact has a 1 year low of $30.38 and a 1 year high of $56.76. The firm has a market capitalization of $7.46 billion, a P/E ratio of 14.95, a PEG ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company earned $0.73 EPS. Genpact’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Genpact will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Genpact

A number of large investors have recently made changes to their positions in G. Blue Trust Inc. grew its holdings in Genpact by 8.7% in the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock valued at $217,000 after buying an additional 441 shares in the last quarter. Burney Co. boosted its position in shares of Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock valued at $5,618,000 after acquiring an additional 92,641 shares during the period. KBC Group NV bought a new stake in shares of Genpact in the fourth quarter valued at about $298,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Genpact in the fourth quarter valued at about $2,030,000. Finally, Pictet Asset Management Holding SA bought a new position in Genpact during the fourth quarter worth about $921,000. Institutional investors 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.