Genpact (NYSE:G) Price Target Raised to $55.00 at Mizuho

Genpact (NYSE:G) had its price target hoisted by equities researchers at Mizuho from $45.00 to $55.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Mizuho’s price target indicates a potential upside of 0.53% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Needham & Company LLC increased their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a research report on Friday. Finally, Robert W. Baird increased their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.44.

Genpact Stock Down 0.4 %

Shares of NYSE G traded down $0.24 during midday trading on Monday, reaching $54.71. 934,675 shares of the company’s stock were exchanged, compared to its average volume of 1,436,995. The stock has a market capitalization of $9.65 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20. Genpact has a 52-week low of $30.23 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The business’s fifty day moving average price is $45.09 and its two-hundred day moving average price is $41.41.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. Analysts forecast that Genpact will post 3.08 EPS for the current year.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the 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 transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the company’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 value of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock valued at $1,558,675 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Genpact

Large investors have recently bought and sold shares of the stock. Swiss National Bank acquired a new position in Genpact during the 4th quarter worth about $14,298,000. Farther Finance Advisors LLC increased its holdings in shares of Genpact by 4.7% in the fourth quarter. Farther Finance Advisors LLC now owns 13,030 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 583 shares in the last quarter. HighTower Advisors LLC raised its position in Genpact by 112.2% in the 4th quarter. HighTower Advisors LLC now owns 12,573 shares of the business services provider’s stock worth $540,000 after purchasing an additional 6,647 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Genpact during the 4th quarter worth $1,847,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Genpact by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,468 shares of the business services provider’s stock valued at $621,000 after buying an additional 550 shares during the period. 96.03% of the stock is currently owned by institutional investors.

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.