Genpact Limited (NYSE:G) – Investment analysts at Wedbush decreased their Q4 2017 earnings per share estimates for shares of Genpact Limited in a research note issued to investors on Wednesday. Wedbush analyst M. Katri now expects that the business services provider will earn $0.36 per share for the quarter, down from their prior estimate of $0.38. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for Genpact Limited’s Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.60 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $1.78 EPS.
Genpact Limited (NYSE:G) last released its quarterly 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. Genpact Limited had a return on equity of 24.21% and a net margin of 10.18%. The company had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. During the same quarter in the prior year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year.
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Several other research analysts have also recently weighed in on G. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 target price on shares of Genpact Limited in a research note on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 target price on shares of Genpact Limited in a research note on Friday. BMO Capital Markets upped their target price on Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Cowen and Company set a $33.00 target price on Genpact Limited and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Deutsche Bank AG upped their target price on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Genpact Limited has a consensus rating of “Buy” and an average price target of $33.13.
Genpact Limited (NYSE G) opened at $31.18 on Friday. Genpact Limited has a 52 week low of $23.16 and a 52 week high of $31.93. The stock has a market capitalization of $6,018.80, a price-to-earnings ratio of 20.25, a PEG ratio of 2.14 and a beta of 0.58. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.82.
In other news, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $28.72, for a total transaction of $244,087,661.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Private Ltd Gic sold 1,501,126 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $43,112,338.72. The disclosure for this sale can be found here. Insiders have sold a total of 10,396,187 shares of company stock valued at $298,624,643 over the last ninety days. Company insiders own 1.41% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in G. BlackRock Inc. grew its holdings in Genpact Limited by 2,636.7% in the 1st 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 last quarter. UBS Asset Management Americas Inc. grew its holdings in Genpact Limited by 2,300.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock valued at $23,157,000 after buying an additional 797,436 shares during the last quarter. Marathon Asset Management LLP grew its holdings in Genpact Limited by 135.0% in the 2nd quarter. Marathon Asset Management LLP now owns 1,062,666 shares of the business services provider’s stock valued at $29,574,000 after buying an additional 610,528 shares during the last quarter. Eaton Vance Management grew its holdings in Genpact Limited by 185.4% in the 2nd quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock valued at $23,834,000 after buying an additional 556,323 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Genpact Limited by 36.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock valued at $36,099,000 after buying an additional 348,626 shares during the last quarter. 92.55% of the stock is currently owned by hedge funds and other institutional investors.
Genpact Limited Company Profile
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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