Genpact (NYSE:G) Raised to “Hold” at Citigroup

Genpact (NYSE:G) was upgraded by stock analysts at Citigroup to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on G. Mizuho raised their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Needham & Company LLC lifted their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.13.

Genpact Trading Down 0.8%

Shares of G stock opened at $39.48 on Thursday. Genpact has a 12-month low of $37.82 and a 12-month high of $56.76. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $42.29 and its 200 day moving average is $43.95. The stock has a market capitalization of $6.88 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.37 and a beta of 0.89.

Genpact (NYSE:G) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. Research analysts expect that Genpact will post 3.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 55,000 shares of Genpact stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the transaction, the chief executive officer owned 295,246 shares in the company, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of Genpact stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the transaction, the senior vice president owned 134,880 shares in the company, valued at approximately $5,743,190.40. This trade represents a 36.31% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 710,704 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Genpact by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock valued at $160,480,000 after buying an additional 90,541 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Genpact by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider’s stock valued at $153,434,000 after buying an additional 118,689 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Genpact by 60.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after buying an additional 983,774 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Genpact by 8.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock valued at $110,099,000 after acquiring an additional 203,015 shares during the last quarter. Hedge funds and other 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.