Genpact (NYSE:G – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other research firms also recently commented on G. Needham & Company LLC cut their price objective on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. TD Cowen raised their price target on shares of Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Susquehanna lifted their price target on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.33.
Genpact Stock Down 0.0%
Genpact (NYSE:G – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The business had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Analysts forecast that Genpact will post 3.66 earnings per share for the current year.
Insider Buying and Selling
In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the sale, the senior vice president owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.58% of the company’s stock.
Hedge Funds Weigh In On Genpact
Several institutional investors and hedge funds have recently made changes to their positions in the business. Osbon Capital Management LLC bought a new stake in shares of Genpact in the fourth quarter worth $25,000. iSAM Funds UK Ltd acquired a new position in Genpact during the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new position in Genpact during the 3rd quarter worth $29,000. Larson Financial Group LLC grew its holdings in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after acquiring an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Genpact in the 4th quarter worth about $33,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
Genpact Company Profile
Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.
The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.
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