Robert W. Baird Lowers Genpact (NYSE:G) Price Target to $50.00

Genpact (NYSE:G) had its target price reduced by equities research analysts at Robert W. Baird from $56.00 to $50.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price points to a potential upside of 17.79% from the company’s current price.

A number of other research firms also recently issued reports on G. Mizuho increased their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC decreased their price target on shares of Genpact from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.75.

Genpact Price Performance

Genpact stock opened at $42.45 on Thursday. Genpact has a 1 year low of $30.38 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The firm has a 50 day moving average price of $48.93 and a 200 day moving average price of $46.92. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts predict that Genpact will post 3.21 earnings per share for the current year.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in G. CenterBook Partners LP bought a new position in shares of Genpact during the first quarter worth about $217,000. Deutsche Bank AG lifted its holdings in Genpact by 8.9% during the 1st quarter. Deutsche Bank AG now owns 15,367 shares of the business services provider’s stock worth $774,000 after buying an additional 1,257 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Genpact by 22.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 39,347 shares of the business services provider’s stock worth $1,982,000 after acquiring an additional 7,155 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Genpact in the 1st quarter worth approximately $243,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Genpact during the 1st quarter valued at approximately $5,611,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.