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

Genpact Limited (NYSE:G - Get Free Report)'s share price gapped up prior to trading on Friday after TD Cowen raised their price target on the stock from $40.00 to $45.00. The stock had previously closed at $41.81, but opened at $45.21. TD Cowen currently has a hold rating on the stock. Genpact shares last traded at $47.41, with a volume of 154,985 shares changing hands.

A number of other research firms also recently commented on G. Needham & Company LLC raised their price objective on Genpact from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of 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 increased 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. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. Finally, Robert W. Baird increased their price target on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.89.

Hedge Funds Weigh In On Genpact

Several large investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider's stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Versant Capital Management Inc grew its stake in Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider's stock worth $70,000 after buying an additional 2,123 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Genpact by 54.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider's stock worth $90,000 after buying an additional 984 shares during the period. Venturi Wealth Management LLC lifted its stake in Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock valued at $103,000 after buying an additional 1,121 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock valued at $131,000 after acquiring an additional 2,293 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Up 9.8 %

The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average price is $38.90 and its 200 day moving average price is $35.41. The firm has a market cap of $8.18 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

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 (EPS) 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 during the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts expect that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.33%. Genpact's payout ratio is 17.23%.

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.