Genpact Limited (NYSE:G) had its target price raised by BMO Capital Markets from $26.00 to $30.00 in a report issued on Thursday morning. The brokerage currently has a market perform rating on the business services provider’s stock.

A number of other analysts have also recently weighed in on G. Deutsche Bank AG raised their price objective on Genpact Limited from $26.00 to $28.00 and gave the stock a hold rating in a research report on Thursday. Zacks Investment Research cut Genpact Limited from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, BidaskClub raised Genpact Limited from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Genpact Limited has a consensus rating of Hold and an average price target of $28.57.

Shares of Genpact Limited (G) traded down 2.10% on Thursday, hitting $29.36. The stock had a trading volume of 913,991 shares. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $30.14. The company has a market cap of $5.66 billion, a P/E ratio of 22.18 and a beta of 0.50. The company’s 50 day moving average price is $27.97 and its 200-day moving average price is $25.67.

Genpact Limited (NYSE:G) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, analysts expect that Genpact Limited will post $1.56 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “BMO Capital Markets Boosts Genpact Limited (NYSE:G) Price Target to $30.00” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/05/bmo-capital-markets-boosts-genpact-limited-nyseg-price-target-to-30-00.html.

In other news, Director James C. Madden sold 5,224 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $25.51, for a total value of $133,264.24. Following the completion of the transaction, the director now owns 8,970 shares of the company’s stock, valued at approximately $228,824.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mohit Thukral sold 27,228 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total value of $740,873.88. Following the completion of the transaction, the insider now directly owns 68,845 shares of the company’s stock, valued at approximately $1,873,272.45. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Several institutional investors have recently modified their holdings of G. Wellington Management Group LLP boosted its position in shares of Genpact Limited by 0.3% in the first quarter. Wellington Management Group LLP now owns 19,815,652 shares of the business services provider’s stock valued at $490,635,000 after buying an additional 54,034 shares during the period. Vanguard Group Inc. boosted its position in shares of Genpact Limited by 3.1% in the first quarter. Vanguard Group Inc. now owns 10,626,705 shares of the business services provider’s stock valued at $263,117,000 after buying an additional 321,161 shares during the period. BlackRock Inc. boosted its position in shares of Genpact Limited by 2,636.7% in the first quarter. BlackRock Inc. now owns 7,680,410 shares of the business services provider’s stock valued at $190,169,000 after buying an additional 7,399,767 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Genpact Limited by 9.2% in the first quarter. Fiduciary Management Inc. WI now owns 5,266,210 shares of the business services provider’s stock valued at $130,391,000 after buying an additional 442,770 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Genpact Limited by 5.6% in the first quarter. Alliancebernstein L.P. now owns 3,193,666 shares of the business services provider’s stock valued at $79,075,000 after buying an additional 170,471 shares during the period. 94.01% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Genpact Limited (NYSE:G)

Receive News & Ratings for Genpact Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact Limited and related companies with MarketBeat.com's FREE daily email newsletter.