Genpact (NYSE:G) Stock Rating Upgraded by Wall Street Zen

Genpact (NYSE:G) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also commented on the stock. Mizuho reduced their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna raised their target price on Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. TD Cowen upped their price target on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price target on shares of Genpact in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.33.

Genpact Trading Up 0.2%

Shares of G opened at $38.10 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact has a 12-month low of $26.85 and a 12-month high of $48.64. The firm has a 50-day moving average price of $32.44 and a 200 day moving average price of $34.37. The firm has a market capitalization of $6.40 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.01 and a beta of 0.57.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The company had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Sell-side analysts forecast that Genpact will post 3.66 EPS for the current year.

Insider Buying and Selling

In other news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Genpact

Several hedge funds have recently bought and sold shares of G. Osbon Capital Management LLC acquired a new position in Genpact in the 4th quarter valued at about $25,000. iSAM Funds UK Ltd acquired a new stake in shares of Genpact during the third quarter worth about $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Genpact during the third quarter worth about $29,000. Larson Financial Group LLC boosted its stake in shares of Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Genpact in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.