Genpact Limited (NYSE:G) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG increased their price target on shares of Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets increased their price target on shares of Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Wedbush initiated coverage on shares of Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price target for the company. Finally, Cowen and Company reiterated an “outperform” rating and issued a $33.00 price target (up previously from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.67.

Genpact Limited (NYSE:G) traded up 0.67% on Wednesday, reaching $28.74. 268,822 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $28.52 and a 200-day moving average price of $26.03. Genpact Limited has a 1-year low of $22.58 and a 1-year high of $31.93. The company has a market capitalization of $5.54 billion, a P/E ratio of 21.71 and a beta of 0.50.

Genpact Limited (NYSE:G) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. During the same quarter last year, the business earned $0.36 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Genpact Limited will post $1.56 earnings per share for the current year.

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In other Genpact Limited news, insider Mohit Thukral sold 27,228 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now directly owns 68,845 shares in the company, valued at approximately $1,873,272.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.55% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Genpact Limited by 2,636.7% in the first quarter. BlackRock Inc. now owns 7,680,410 shares of the business services provider’s stock valued at $190,169,000 after buying an additional 7,399,767 shares during the period. Hahn Capital Management LLC increased its position in Genpact Limited by 2,613.3% in the first quarter. Hahn Capital Management LLC now owns 933,386 shares of the business services provider’s stock valued at $23,111,000 after buying an additional 898,986 shares during the period. Renaissance Technologies LLC acquired a new position in Genpact Limited during the first quarter valued at $19,870,000. UBS Asset Management Americas Inc. increased its position in Genpact Limited by 2,300.3% in the second quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock valued at $23,157,000 after buying an additional 797,436 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Genpact Limited during the first quarter valued at $19,515,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact Limited (NYSE:G)

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