Robert W. Baird Boosts Genpact (NYSE:G) Price Target to $48.00

Genpact (NYSE:G - Get Free Report) had its price objective increased by research analysts at Robert W. Baird from $44.00 to $48.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price objective suggests a potential upside of 4.58% from the stock's current price.

G has been the topic of several other research reports. TD Cowen upped their target price on Genpact from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. BMO Capital Markets upped their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 12th. Needham & Company LLC upped their target price on Genpact from $40.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price objective on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.89.

Genpact Price Performance

G stock traded up $4.09 during mid-day trading on Friday, hitting $45.90. The stock had a trading volume of 3,128,603 shares, compared to its average volume of 1,325,488. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $8.18 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.62 and a beta of 1.13. The firm has a fifty day simple moving average of $38.90 and a 200 day simple moving average of $35.41. Genpact has a 52 week low of $29.41 and a 52 week high of $47.96.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts forecast that Genpact will post 2.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in G. Lecap Asset Management Ltd. grew its stake in Genpact by 2.1% during the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock valued at $708,000 after acquiring an additional 364 shares in the last quarter. Suncoast Equity Management raised its position in Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock valued at $494,000 after purchasing an additional 375 shares during the period. Sawyer & Company Inc raised its position in Genpact by 1.1% in the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock worth $1,421,000 after purchasing an additional 400 shares during the period. Cloverfields Capital Group LP grew its position in shares of Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider's stock worth $954,000 after buying an additional 416 shares in the last quarter. Finally, United Services Automobile Association grew its stake in Genpact by 3.3% in the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider's stock valued at $431,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

About Genpact

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.