Genpact (NYSE:G) Shares Gap Up After Analyst Upgrade

Shares of Genpact Limited (NYSE:G) gapped up prior to trading on Friday after Needham & Company LLC raised their price target on the stock from $55.00 to $65.00. The stock had previously closed at $49.40, but opened at $54.93. Needham & Company LLC currently has a buy rating on the stock. Genpact shares last traded at $55.20, with a volume of 750,294 shares changing hands.

A number of other research analysts have also commented on the company. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and increased their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a research note on Friday. Finally, Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.63.

Insider Activity at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,058 shares of company stock valued at $1,558,675 in the last quarter. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SRH Advisors LLC purchased a new stake in Genpact in the 4th quarter valued at about $26,000. Manchester Capital Management LLC purchased a new stake in shares of Genpact during the fourth quarter valued at approximately $38,000. Smartleaf Asset Management LLC increased its position in shares of Genpact by 416.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 783 shares during the last quarter. UMB Bank n.a. increased its holdings in Genpact by 55.7% during the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after buying an additional 433 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of Genpact by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock worth $69,000 after purchasing an additional 453 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

The stock has a market capitalization of $9.68 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $41.09.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 21.85% and a net margin of 14.22%. On average, equities analysts forecast that Genpact Limited will post 2.94 EPS for the current year.

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.