Shares of Genpact Limited (NYSE:G) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.47.

Several analysts recently issued reports on G shares. Morgan Stanley upgraded Genpact from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $28.50 to $33.00 in a report on Tuesday, January 15th. Wells Fargo & Co upgraded Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price objective for the company in a report on Friday, March 8th. Zacks Investment Research lowered Genpact from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Bank of America upgraded Genpact from an “underperform” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, February 6th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $36.00 target price on shares of Genpact in a report on Sunday, March 3rd.

In other news, CFO Edward J. Fitzpatrick sold 50,213 shares of Genpact stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $33.03, for a total value of $1,658,535.39. Following the transaction, the chief financial officer now directly owns 137,923 shares in the company, valued at $4,555,596.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider N. V. Tyagarajan sold 150,000 shares of Genpact stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $35.37, for a total value of $5,305,500.00. Following the completion of the transaction, the insider now owns 633,891 shares in the company, valued at $22,420,724.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,755,440 shares of company stock worth $57,125,519. Corporate insiders own 1.88% of the company’s stock.

Several institutional investors have recently bought and sold shares of G. Marshall Wace LLP bought a new position in shares of Genpact in the third quarter worth about $46,372,000. Norges Bank acquired a new stake in Genpact during the fourth quarter worth about $38,024,000. Pembroke Management LTD acquired a new stake in Genpact during the first quarter worth about $10,556,000. Two Sigma Investments LP grew its position in Genpact by 87.2% during the fourth quarter. Two Sigma Investments LP now owns 550,574 shares of the business services provider’s stock worth $14,860,000 after buying an additional 256,433 shares in the last quarter. Finally, Tygh Capital Management Inc. acquired a new stake in Genpact during the fourth quarter worth about $5,309,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

Shares of Genpact stock traded up $0.09 during midday trading on Thursday, hitting $35.98. The company’s stock had a trading volume of 1,032,587 shares, compared to its average volume of 740,528. The stock has a market cap of $6.82 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. Genpact has a 1-year low of $25.48 and a 1-year high of $36.14.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 7th. The business services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Genpact had a return on equity of 23.24% and a net margin of 9.40%. The business had revenue of $835.34 million during the quarter, compared to analysts’ expectations of $810.98 million. During the same quarter last year, the firm posted $0.43 earnings per share. Genpact’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Genpact will post 1.72 EPS for the current fiscal year.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Analyst Recommendations for Genpact (NYSE:G)

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