Genpact Limited (NYSE:G) – Wedbush lifted their FY2017 EPS estimates for Genpact Limited in a note issued to investors on Wednesday. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings per share of $1.45 for the year, up from their prior forecast of $1.41. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for Genpact Limited’s Q1 2018 earnings at $0.33 EPS.
Genpact Limited (NYSE:G) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million for the quarter, compared to analysts’ expectations of $685.25 million. Genpact Limited had a return on equity of 23.86% and a net margin of 10.18%. Genpact Limited’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share.
Other analysts have also recently issued reports about the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a research report on Monday, October 9th. BidaskClub cut Genpact Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Cowen and Company set a $33.00 price objective on Genpact Limited and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $33.38.
Shares of Genpact Limited (NYSE:G) opened at $31.06 on Monday. 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 firm has a market capitalization of $6,003.35, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.58. Genpact Limited has a 12-month low of $23.34 and a 12-month high of $31.93.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its position in Genpact Limited by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after purchasing an additional 189 shares during the period. Acrospire Investment Management LLC grew its position in Genpact Limited by 569.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after purchasing an additional 3,419 shares during the period. Meeder Asset Management Inc. bought a new stake in Genpact Limited in the 3rd quarter worth approximately $128,000. SG Americas Securities LLC bought a new stake in Genpact Limited in the 1st quarter worth approximately $110,000. Finally, Advisor Group Inc. grew its position in Genpact Limited by 59.8% in the 3rd quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock worth $145,000 after purchasing an additional 1,878 shares during the period. Institutional investors own 92.78% of the company’s stock.
In related news, Director Amit Chandra sold 275,508 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $7,912,589.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Piyush Mehta sold 17,017 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.00, for a total transaction of $527,527.00. Following the completion of the transaction, the insider now owns 82,461 shares of the company’s stock, valued at $2,556,291. The disclosure for this sale can be found here. Insiders have sold 10,396,187 shares of company stock valued at $298,624,643 over the last quarter. Company insiders own 1.41% of the company’s stock.
About Genpact Limited
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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