Mizuho Forecasts Strong Price Appreciation for Genpact (NYSE:G) Stock

Genpact (NYSE:G) had its target price hoisted by analysts at Mizuho from $45.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Mizuho’s price target points to a potential upside of 0.40% from the company’s current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC upped their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Robert W. Baird increased their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Trading Up 0.6 %

NYSE:G opened at $54.78 on Monday. Genpact has a 1-year low of $30.23 and a 1-year high of $56.76. The business’s 50-day moving average price is $45.25 and its two-hundred day moving average price is $41.55. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.63 and a beta of 1.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. On average, equities analysts expect that Genpact will post 3.08 earnings per share for the current year.

Insider Transactions at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,058 shares of company stock valued at $1,558,675. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Genpact

A number of institutional investors and hedge funds have recently modified their holdings of G. Sanctuary Advisors LLC purchased a new stake in Genpact during the 2nd quarter valued at about $335,000. Inspire Investing LLC lifted its holdings in shares of Genpact by 242.0% in the 3rd quarter. Inspire Investing LLC now owns 37,277 shares of the business services provider’s stock worth $1,462,000 after acquiring an additional 26,376 shares during the last quarter. Creative Planning increased its stake in Genpact by 19.4% during the 3rd quarter. Creative Planning now owns 30,590 shares of the business services provider’s stock worth $1,199,000 after buying an additional 4,976 shares during the period. Birch Capital Management LLC increased its stake in Genpact by 23.6% during the 3rd quarter. Birch Capital Management LLC now owns 93,216 shares of the business services provider’s stock worth $3,655,000 after buying an additional 17,827 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Genpact in the 3rd quarter valued at approximately $270,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Genpact

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.