Sit Investment Associates Inc. Buys 30,280 Shares of Genpact Limited $G

Sit Investment Associates Inc. grew its stake in Genpact Limited (NYSE:GFree Report) by 17.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 202,150 shares of the business services provider’s stock after acquiring an additional 30,280 shares during the period. Sit Investment Associates Inc.’s holdings in Genpact were worth $9,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Qsemble Capital Management LP bought a new position in Genpact in the 4th quarter valued at about $3,258,000. JPMorgan Chase & Co. grew its stake in shares of Genpact by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock worth $157,609,000 after buying an additional 549,117 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Genpact by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after buying an additional 319,861 shares in the last quarter. Vulcan Value Partners LLC increased its holdings in shares of Genpact by 6.3% during the third quarter. Vulcan Value Partners LLC now owns 750,224 shares of the business services provider’s stock worth $31,427,000 after buying an additional 44,485 shares in the last quarter. Finally, Causeway Capital Management LLC increased its holdings in shares of Genpact by 31.3% during the third quarter. Causeway Capital Management LLC now owns 1,878,432 shares of the business services provider’s stock worth $78,687,000 after buying an additional 447,261 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on G. Robert W. Baird cut their price objective on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Mizuho reduced their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Citigroup cut their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.29.

Get Our Latest Analysis on G

Genpact Stock Down 6.9%

G stock opened at $28.22 on Friday. Genpact Limited has a twelve month low of $27.36 and a twelve month high of $48.64. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $33.08 and its 200-day moving average is $39.19. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.66, a P/E/G ratio of 0.86 and a beta of 0.58.

Genpact (NYSE:GGet Free Report) last announced 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 company had revenue of $1.30 billion for the quarter. Sell-side analysts expect that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, June 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.

Further Reading

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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