BMO Capital Markets Increases Genpact (G) Price Target to $35.00
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.
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.
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