G has been the subject of several other research reports. Citigroup lifted their price objective on Genpact from $35.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, January 17th. Robert W. Baird restated a neutral rating and set a $38.00 price target on shares of Genpact in a report on Friday, December 15th. Needham & Company LLC reduced their price target on Genpact from $50.00 to $40.00 and set a buy rating on the stock in a report on Thursday, November 9th. Finally, Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They set a neutral rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Genpact currently has an average rating of Hold and an average price target of $39.78.
Genpact Stock Down 0.5 %
Genpact (NYSE:G – Get Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Genpact had a return on equity of 24.02% and a net margin of 9.69%. As a group, research analysts forecast that Genpact will post 2.53 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Heather White sold 11,450 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the sale, the senior vice president now owns 21,175 shares of the company’s stock, valued at $762,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.62% of the stock is owned by company insiders.
Institutional Investors Weigh In On Genpact
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Genpact by 20.8% in the second quarter. BlackRock Inc. now owns 19,355,626 shares of the business services provider’s stock worth $727,191,000 after purchasing an additional 3,335,821 shares in the last quarter. FMR LLC lifted its position in shares of Genpact by 8.1% in the third quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock worth $638,738,000 after purchasing an additional 1,327,435 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Genpact by 4.0% in the second quarter. Victory Capital Management Inc. now owns 9,158,883 shares of the business services provider’s stock worth $344,099,000 after purchasing an additional 351,973 shares in the last quarter. Alliancebernstein L.P. raised its position in Genpact by 13.2% during the second quarter. Alliancebernstein L.P. now owns 6,138,792 shares of the business services provider’s stock valued at $230,634,000 after acquiring an additional 715,149 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Genpact by 103,311.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,937,889 shares of the business services provider’s stock valued at $228,723,000 after acquiring an additional 4,933,114 shares in the last quarter. 96.33% of the stock is currently owned by hedge funds and other institutional investors.
Genpact Limited provides business process outsourcing and information technology (IT) 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 company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.
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