CX Institutional Increases Stock Position in Genpact Limited $G

CX Institutional raised its stake in Genpact Limited (NYSE:GFree Report) by 23.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 178,114 shares of the business services provider’s stock after purchasing an additional 33,613 shares during the period. CX Institutional’s holdings in Genpact were worth $4,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in G. Basecamp Wealth Advisors LLC increased its position in shares of Genpact by 54.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Genpact by 40.7% in the 1st quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock valued at $28,504,000 after purchasing an additional 221,536 shares during the period. NewEdge Advisors LLC boosted its position in shares of Genpact by 12.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,369 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 1,622 shares during the period. Glenmede Trust Co. NA grew its stake in Genpact by 41.4% during the 1st quarter. Glenmede Trust Co. NA now owns 151,155 shares of the business services provider’s stock worth $5,631,000 after buying an additional 44,292 shares during the last quarter. Finally, Access Investment Management LLC increased its position in Genpact by 2.3% during the first quarter. Access Investment Management LLC now owns 252,522 shares of the business services provider’s stock worth $9,406,000 after buying an additional 5,747 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on G shares. TD Cowen reduced their price objective on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a report on Friday, July 10th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Genpact in a research report on Friday, May 8th. Susquehanna decreased their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Mizuho lowered their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $40.25.

Read Our Latest Stock Analysis on Genpact

Genpact Stock Up 1.8%

Genpact stock opened at $35.78 on Wednesday. The stock has a 50 day moving average of $31.05 and a two-hundred day moving average of $35.36. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.99 and a beta of 0.57. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:GGet Free Report) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion for the quarter. As a group, research analysts expect that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s payout ratio is currently 23.01%.

Genpact Profile

(Free Report)

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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