Genpact (NYSE:G) Reaches New 52-Week High – What’s Next?

Genpact Limited (NYSE:G) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $48.14 and last traded at $47.64, with a volume of 117816 shares. The stock had previously closed at $47.64.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on G shares. Robert W. Baird boosted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen boosted their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and boosted their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Finally, Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Genpact Stock Down 0.1 %

The company has a market capitalization of $8.39 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $44.55 and a two-hundred day moving average of $40.51.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Genpact had a return on equity of 21.85% and a net margin of 14.22%. During the same period in the prior year, the business posted $0.67 earnings per share. Equities research analysts predict that Genpact Limited will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,058 shares of company stock worth $1,558,675 over the last ninety days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Genpact

Several hedge funds have recently modified their holdings of G. American Century Companies Inc. raised its stake in Genpact by 18.2% in the second quarter. American Century Companies Inc. now owns 25,557 shares of the business services provider’s stock valued at $823,000 after buying an additional 3,936 shares in the last quarter. Sei Investments Co. increased its position in shares of Genpact by 2.3% during the second quarter. Sei Investments Co. now owns 63,706 shares of the business services provider’s stock worth $2,051,000 after purchasing an additional 1,445 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Genpact by 406.1% during the second quarter. AQR Capital Management LLC now owns 42,506 shares of the business services provider’s stock worth $1,351,000 after purchasing an additional 34,108 shares in the last quarter. Creative Planning increased its position in shares of Genpact by 30.3% during the second quarter. Creative Planning now owns 25,614 shares of the business services provider’s stock worth $825,000 after purchasing an additional 5,950 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Genpact by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,318 shares of the business services provider’s stock worth $783,000 after purchasing an additional 1,372 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.