Genpact (NYSE:G) had its target price lowered by analysts at Citigroup from $39.00 to $37.50 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective would indicate a potential upside of 21.63% from the stock’s previous close.
G has been the topic of a number of other research reports. Zacks Investment Research downgraded Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price objective on shares of Genpact in a report on Wednesday, November 8th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price objective on shares of Genpact in a report on Friday, November 10th. Finally, BMO Capital Markets increased their price objective on Genpact to $35.00 and gave the company a “market perform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.65.
Genpact (NYSE:G) opened at $30.83 on Tuesday. Genpact has a 12 month low of $23.34 and a 12 month high of $34.79. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5,846.46, a PE ratio of 20.08, a P/E/G ratio of 1.89 and a beta of 0.57.
In related news, insider Arvinder Singh sold 22,690 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.95, for a total transaction of $770,325.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider N. V. Tyagarajan sold 77,619 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $32.23, for a total value of $2,501,660.37. Following the transaction, the insider now owns 244,755 shares in the company, valued at approximately $7,888,453.65. The disclosure for this sale can be found here. Insiders have sold a total of 1,660,470 shares of company stock worth $50,598,982 in the last 90 days. 1.41% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Sciencast Management LP purchased a new position in shares of Genpact in the 4th quarter valued at approximately $731,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Genpact by 24.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,913 shares of the business services provider’s stock valued at $950,000 after purchasing an additional 5,970 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Genpact by 32.6% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 243,797 shares of the business services provider’s stock valued at $7,737,000 after purchasing an additional 59,962 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Genpact by 6.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,129,398 shares of the business services provider’s stock valued at $35,847,000 after purchasing an additional 72,511 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Genpact by 58.4% in the 4th quarter. Teachers Advisors LLC now owns 238,965 shares of the business services provider’s stock valued at $7,585,000 after purchasing an additional 88,113 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.
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Genpact 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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