StockNews.com Downgrades Genpact (NYSE:G) to Buy

Genpact (NYSE:G) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reiterated a “neutral” rating and set a $38.00 price target on shares of Genpact in a report on Friday, December 15th. JPMorgan Chase & Co. increased their price target on shares of Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. Citigroup increased their price objective on shares of Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Mizuho began coverage on shares of Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Genpact has a consensus rating of “Hold” and an average price target of $40.11.

Genpact Price Performance

Shares of NYSE G opened at $31.64 on Friday. Genpact has a 1 year low of $29.41 and a 1 year high of $45.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50-day moving average is $34.37 and its 200 day moving average is $34.63. The stock has a market capitalization of $5.71 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.50 and a beta of 1.07.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. On average, sell-side analysts expect that Genpact will post 2.7 earnings per share for the current year.

Insider Activity

In related news, SVP Heather White sold 11,450 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the completion of the transaction, the senior vice president now directly owns 21,175 shares of the company’s stock, valued at $762,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Genpact

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Davis Capital Management grew its stake in shares of Genpact by 8.0% in the 1st quarter. Davis Capital Management now owns 38,579 shares of the business services provider’s stock worth $1,258,000 after buying an additional 2,861 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Genpact by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 16,954,313 shares of the business services provider’s stock worth $588,484,000 after buying an additional 515,362 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Genpact by 53.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 491,113 shares of the business services provider’s stock worth $17,047,000 after buying an additional 170,045 shares in the last quarter. Quarry LP grew its stake in shares of Genpact by 530.1% in the 4th quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after buying an additional 1,744 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Genpact by 16.8% in the 4th quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock worth $175,002,000 after buying an additional 725,198 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.