Genpact Limited (G) Sets New 1-Year High at $28.77

Genpact Limited (NYSE:G) reached a new 52-week high during trading on Monday . The stock traded as high as $28.77 and last traded at $28.78, with a volume of 255,091 shares traded. The stock had previously closed at $28.61.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Genpact Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Deutsche Bank AG upped their price target on shares of Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and set a $33.00 price target (up from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. Wedbush assumed coverage on shares of Genpact Limited in a research note on Thursday, August 3rd. They set a “neutral” rating and a $33.00 price target on the stock. Finally, Robert W. Baird restated an “outperform” rating and set a $34.00 price target on shares of Genpact Limited in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $31.14.

The company has a market cap of $5.50 billion, a PE ratio of 21.52 and a beta of 0.50. The company has a 50-day moving average price of $28.57 and a 200 day moving average price of $26.09.

Genpact Limited (NYSE:G) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The business had revenue of $670.70 million during the quarter, compared to the consensus estimate of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. On average, equities research analysts expect that Genpact Limited will post $1.56 earnings per share for the current fiscal year.

In other Genpact Limited news, insider Private Ltd Gic sold 1,501,126 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $43,112,338.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mohit Thukral sold 27,228 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total value of $740,873.88. Following the completion of the sale, the insider now owns 68,845 shares of the company’s stock, valued at approximately $1,873,272.45. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in G. Comerica Bank raised its position in Genpact Limited by 3.6% in the first quarter. Comerica Bank now owns 61,272 shares of the business services provider’s stock worth $1,506,000 after buying an additional 2,106 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after buying an additional 2,403 shares during the last quarter. US Bancorp DE raised its position in Genpact Limited by 11.5% in the first quarter. US Bancorp DE now owns 170,966 shares of the business services provider’s stock worth $4,234,000 after buying an additional 17,661 shares during the last quarter. Genesee Valley Trust Co. raised its position in Genpact Limited by 3.0% in the first quarter. Genesee Valley Trust Co. now owns 13,947 shares of the business services provider’s stock worth $345,000 after buying an additional 405 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Genpact Limited during the first quarter worth about $885,000. 92.25% of the stock is currently owned by institutional investors and hedge funds.

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Genpact Limited Company Profile

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.

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