Genpact Limited (G) is Downgraded by Morgan Stanley to Underweight

Genpact Limited (G) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, Genpact Limited reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.33. The company had revenue of $630.50 million for the quarter, compared to analysts expectations of $641.52 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Genpact Limited closed down -0.38 points or -1.56% at $24.01 with 13,67,761 shares getting traded on Monday. Post opening the session at $24.27, the shares hit an intraday low of $23.74 and an intraday high of $24.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 19, 2016, Victor Guaglianone (SVP & General Counsel) sold 9,403 shares at $26.83 per share price. According to the SEC, on Jun 17, 2016, Mohit Thukral (Senior Vice President) sold 13,901 shares at $27.25 per share price. On Jun 17, 2016, Arvinder Singh (Senior Vice President) sold 16,959 shares at $27.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Genpact Limited (Genpact) designs transforms and runs intelligent business operations. The Company’s smart enterprise processes (SEPSM) framework helps companies reimagine how they operate by integrating effective Systems of Engagement core information technology (IT) and Data-to-Action Analytics. The Company offers various services which include banking and financial services insurance services capital markets consumer product goods services life sciences and pharmaceutical services infrastructure and manufacturing services healthcare and high tech services. In addition to these services it also offers finance and accounting (F&A) services analytics and research business consulting services enterprise risk consulting re-engineering supply chain and procurement services enterprise application services IT management services and collections and customer services. Its solutions include Smart Enterprise Processes (SEP) and Genpact Digital.

Genpact Limited

Leave a Reply

Genpact Limited - Is it time to Sell?

Top Brokerage Firms are advising their investors on Genpact Limited. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.