Wedbush reissued their outperform rating on shares of Genpact Limited (NYSE:G) in a research report report published on Wednesday. The brokerage currently has a $33.00 price objective on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Genpact Limited from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Tuesday. BidaskClub raised shares of Genpact Limited from a buy rating to a strong-buy rating in a report on Wednesday, June 28th. Deutsche Bank AG lifted their target price on shares of Genpact Limited from $26.00 to $28.00 and gave the company a hold rating in a report on Thursday, August 3rd. BMO Capital Markets lifted their target price on shares of Genpact Limited from $26.00 to $30.00 and gave the company a market perform rating in a report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed an outperform rating and set a $33.00 target price (up from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Genpact Limited has a consensus rating of Buy and a consensus target price of $30.67.

Shares of Genpact Limited (G) traded down 0.27% during mid-day trading on Wednesday, reaching $29.32. 1,266,004 shares of the company’s stock were exchanged. Genpact Limited has a one year low of $22.58 and a one year high of $31.93. The company has a market capitalization of $5.66 billion, a PE ratio of 22.15 and a beta of 0.50. The company’s 50-day moving average price is $28.45 and its 200-day moving average price is $25.94.

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

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In related news, insider Mohit Thukral sold 27,228 shares of Genpact Limited stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total value of $740,873.88. Following the sale, the insider now owns 68,845 shares of the company’s stock, valued at approximately $1,873,272.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.55% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake 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. BlackRock Inc. boosted its stake in shares of Genpact Limited by 40.1% in the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock valued at $299,483,000 after buying an additional 3,080,741 shares during the period. Vanguard Group Inc. boosted its stake 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. Fiduciary Management Inc. WI boosted its stake 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 stake 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. 94.08% of the stock is currently owned by institutional investors.

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)

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