Genpact (NYSE:G) Upgraded at StockNews.com

StockNews.com upgraded shares of Genpact (NYSE:GGet Rating) from a buy rating to a strong-buy rating in a research note released on Monday morning.

Several other research analysts have also issued reports on the stock. Citigroup dropped their price target on shares of Genpact from $56.00 to $52.00 and set a buy rating for the company in a research report on Thursday, November 10th. BMO Capital Markets dropped their price target on shares of Genpact from $57.00 to $51.00 and set a market perform rating for the company in a research report on Thursday, November 10th. Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $54.00 in a research report on Thursday, November 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Genpact from $62.00 to $55.00 and set an overweight rating for the company in a research report on Friday, October 14th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $52.14.

Genpact Stock Performance

NYSE:G opened at $44.37 on Monday. Genpact has a 12-month low of $37.68 and a 12-month high of $54.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8.13 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The firm has a 50-day moving average price of $45.27 and a 200 day moving average price of $44.97.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, December 8th. Genpact’s payout ratio is 28.09%.

Insider Transactions at Genpact

In other news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total transaction of $2,283,000.00. Following the sale, the chief executive officer now directly owns 644,377 shares of the company’s stock, valued at $29,422,253.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Heather White sold 713 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $45.96, for a total transaction of $32,769.48. Following the sale, the senior vice president now directly owns 29,929 shares of the company’s stock, valued at $1,375,536.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $45.66, for a total transaction of $2,283,000.00. Following the sale, the chief executive officer now directly owns 644,377 shares in the company, valued at $29,422,253.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,416 shares of company stock valued at $5,549,705. Corporate insiders own 2.67% of the company’s stock.

Institutional Trading of Genpact

Several hedge funds have recently modified their holdings of the stock. Toroso Investments LLC boosted its stake in Genpact by 28.2% in the third quarter. Toroso Investments LLC now owns 6,860 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 1,510 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Genpact in the third quarter valued at approximately $9,826,000. M&T Bank Corp boosted its position in shares of Genpact by 10.1% during the third quarter. M&T Bank Corp now owns 8,197 shares of the business services provider’s stock worth $359,000 after purchasing an additional 754 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of Genpact by 4.9% during the third quarter. Grandeur Peak Global Advisors LLC now owns 2,720,556 shares of the business services provider’s stock worth $119,079,000 after purchasing an additional 126,168 shares in the last quarter. Finally, United Services Automobile Association boosted its position in shares of Genpact by 2.9% during the third quarter. United Services Automobile Association now owns 18,779 shares of the business services provider’s stock worth $821,000 after purchasing an additional 538 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

About Genpact

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Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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