TD Cowen Upgrades Genpact (NYSE:G) to "Buy"

Genpact (NYSE:G - Get Free Report) was upgraded by equities researchers at TD Cowen from a "hold" rating to a "buy" rating in a note issued to investors on Friday, MarketBeat reports. The firm currently has a $60.00 target price on the business services provider's stock, up from their prior target price of $45.00. TD Cowen's price objective would indicate a potential upside of 9.18% from the company's previous close.

Several other research analysts have also weighed in on G. Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC raised their price objective on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Robert W. Baird raised their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $48.44.

Genpact Trading Up 0.9 %

Shares of G stock traded up $0.51 during mid-day trading on Friday, reaching $54.95. The company's stock had a trading volume of 1,114,073 shares, compared to its average volume of 1,488,465. The company's 50 day simple moving average is $45.09 and its 200-day simple moving average is $41.41. Genpact has a 12-month low of $30.23 and a 12-month high of $56.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $9.69 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. On average, research analysts predict that Genpact will post 3.08 EPS for the current fiscal year.

Insider Transactions at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the business's stock in a transaction that occurred 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 approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,058 shares of company stock valued at $1,558,675 over the last ninety days. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of Genpact

Institutional investors and hedge funds have recently modified their holdings of the company. Jensen Investment Management Inc. lifted its stake in shares of Genpact by 6.4% in the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider's stock worth $7,449,000 after buying an additional 11,410 shares during the last quarter. Stifel Financial Corp acquired a new position in Genpact during the 3rd quarter valued at $1,197,000. Blue Trust Inc. raised its stake in Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after purchasing an additional 441 shares during the last quarter. Burney Co. raised its stake in Genpact by 242.8% during the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider's stock valued at $5,618,000 after purchasing an additional 92,641 shares during the last quarter. Finally, KBC Group NV acquired a new position in Genpact during the 4th quarter valued at $298,000. 96.03% of the stock is currently 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.