Jefferies Financial Group Upgrades Genpact (NYSE:G) to Buy

Genpact (NYSE:G) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a $55.00 price target on the business services provider’s stock, up from their previous price target of $44.00. Jefferies Financial Group’s price objective would indicate a potential upside of 21.86% from the company’s previous close.

G has been the topic of a number of other research reports. TD Cowen increased their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Robert W. Baird increased their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Genpact has an average rating of “Hold” and an average price target of $44.00.

Genpact Stock Up 0.7 %

Shares of NYSE G opened at $45.13 on Tuesday. Genpact has a 52-week low of $30.23 and a 52-week high of $47.98. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.49 and a beta of 1.18. The stock has a 50 day moving average price of $44.41 and a 200 day moving average price of $39.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Insider Transactions at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the 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 transaction, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred 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 directly owns 267,404 shares in the company, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,058 shares of company stock valued at $1,558,675 in the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Genpact

A number of large investors have recently made changes to their positions in G. Franklin Resources Inc. increased its holdings in shares of Genpact by 6.5% in the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after purchasing an additional 252,674 shares during the period. Geode Capital Management LLC boosted its position in Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after buying an additional 413,646 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Genpact by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after buying an additional 847,249 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after buying an additional 2,060,595 shares during the period. Finally, Vulcan Value Partners LLC raised its position in Genpact by 22.2% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after buying an additional 284,842 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.