Genpact (NYSE:G) had its target price upped by BMO Capital Markets to $35.00 in a report issued on Tuesday morning. They currently have a market perform rating on the business services provider’s stock.

G has been the subject of a number of other research reports. Robert W. Baird reissued a buy rating and issued a $38.00 price objective on shares of Genpact in a research note on Friday, November 10th. Cantor Fitzgerald reissued a buy rating and issued a $36.00 price objective on shares of Genpact in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Genpact from a sell rating to a hold rating and set a $35.00 price objective for the company in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $34.39.

Shares of Genpact (NYSE G) opened at $30.32 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. Genpact has a 12 month low of $23.34 and a 12 month high of $34.79. The firm has a market cap of $6,235.27, a P/E ratio of 21.39, a PEG ratio of 2.01 and a beta of 0.57.

Genpact (NYSE:G) last issued its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $734.41 million during the quarter, compared to the consensus estimate of $723.55 million. Genpact had a net margin of 9.61% and a return on equity of 23.53%. Genpact’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. sell-side analysts expect that Genpact will post 1.61 EPS for the current fiscal year.

In other Genpact news, insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total value of $45,384,129.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Arvinder Singh sold 22,690 shares of Genpact stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.95, for a total transaction of $770,325.50. The disclosure for this sale can be found here. Insiders sold 1,660,470 shares of company stock worth $50,598,982 over the last ninety days. Corporate insiders own 1.41% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in G. Ameriprise Financial Inc. grew its holdings in shares of Genpact by 3.1% during the second quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock valued at $840,000 after buying an additional 907 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Genpact by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock valued at $41,409,000 after buying an additional 162,487 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Genpact during the second quarter valued at $335,000. The Manufacturers Life Insurance Company grew its holdings in shares of Genpact by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after buying an additional 455 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Genpact during the second quarter valued at $210,000. 92.00% of the stock is currently owned by hedge funds and other institutional investors.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact (NYSE:G)

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