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

Shares of Genpact Limited (NYSE:G) gapped up before the market opened 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.

G has been the topic of several other research reports. Jefferies Financial Group lifted their price target on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC lifted their target price on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped 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 raised 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. Finally, Robert W. Baird upped their target price on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $40.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in G. Janney Montgomery Scott LLC acquired a new position in Genpact during the first quarter worth $703,000. Empowered Funds LLC acquired a new position in shares of Genpact during the 1st quarter worth $1,937,000. Concurrent Investment Advisors LLC increased its holdings in shares of Genpact by 25.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 23,352 shares of the business services provider’s stock valued at $769,000 after purchasing an additional 4,748 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of Genpact by 2,366.8% in the first quarter. Headlands Technologies LLC now owns 5,057 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 4,852 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Genpact by 6.5% during the first quarter. QRG Capital Management Inc. now owns 58,432 shares of the business services provider’s stock worth $1,925,000 after buying an additional 3,589 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Up 9.9 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The firm’s 50-day simple moving average is $39.03 and its two-hundred day simple moving average is $35.54.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.15 billion. Sell-side analysts predict that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.33%. Genpact’s payout ratio is 16.76%.

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.