Susquehanna Forecasts Strong Price Appreciation for Genpact (NYSE:G) Stock

Genpact (NYSE:G) had its target price raised by analysts at Susquehanna from $37.00 to $40.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Susquehanna’s target price would indicate a potential upside of 1.71% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Robert W. Baird lowered their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. TD Cowen raised their price objective on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded Genpact from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Citigroup upped their target price on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC decreased their target price on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.67.

Genpact Stock Up 1.6%

Genpact stock opened at $39.33 on Thursday. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.03 and a beta of 0.57. Genpact has a 52 week low of $26.85 and a 52 week high of $48.64. The business’s 50-day moving average price is $35.51 and its 200 day moving average price is $33.51. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44.

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

Insider Transactions at Genpact

In other Genpact 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 sale, the senior vice president owned 70,253 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Genpact

A number of institutional investors have recently made changes to their positions in G. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Genpact in the 3rd quarter worth approximately $27,000. Root Financial Partners LLC purchased a new stake in Genpact in the third quarter valued at approximately $30,000. WPG Advisers LLC raised its position in Genpact by 74.6% in the first quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 443 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in Genpact by 54.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Genpact by 57.2% during the third quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after purchasing an additional 487 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.