Globeflex Capital L P purchased a new stake in Genpact Limited (NYSE:G – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 131,887 shares of the business services provider’s stock, valued at approximately $3,627,000.
A number of other institutional investors have also made changes to their positions in the business. Nalanda India Equity Fund Ltd lifted its position in shares of Genpact by 8.0% during the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after purchasing an additional 1,015,556 shares during the last quarter. AQR Capital Management LLC boosted its stake in Genpact by 90.9% during the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after purchasing an additional 3,131,643 shares during the period. Dimensional Fund Advisors LP grew its holdings in Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock valued at $208,965,000 after buying an additional 598,877 shares during the last quarter. FIL Ltd grew its holdings in Genpact by 114.4% in the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock valued at $224,678,000 after buying an additional 2,562,484 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Genpact by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after buying an additional 107,870 shares during the period. 96.03% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on G shares. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price target on shares of Genpact in a report on Friday, August 7th. TD Cowen raised their price objective on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Mizuho dropped their target price 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. Robert W. Baird dropped their target price on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Finally, Citigroup upped their target price on shares of Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.33.
Insiders Place Their Bets
In related news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.58% of the stock is currently owned by insiders.
Genpact Stock Performance
Shares of NYSE G opened at $37.16 on Monday. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.99 and a beta of 0.57. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The business has a fifty day simple moving average of $31.68 and a 200 day simple moving average of $34.42. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.
Genpact (NYSE:G – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The firm had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Sell-side analysts expect that Genpact Limited will post 3.67 EPS for the current year.
Genpact Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact’s payout ratio is 22.26%.
Genpact Company Profile
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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