Genpact Limited $G Stock: Vest Financial LLC Raises Position

Vest Financial LLC boosted its stake in shares of Genpact Limited (NYSE:G – Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,772 shares of the business services provider’s stock after purchasing an additional 18,433 shares during the quarter. Vest Financial LLC owned approximately 0.12% of Genpact worth $6,564,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Genpact in the 3rd quarter valued at about $27,000. WPG Advisers LLC grew its position in shares of Genpact by 74.6% during the first quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock worth $39,000 after buying an additional 443 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake 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 buying an additional 370 shares during the period. Elevation Wealth Partners LLC increased its stake in shares of Genpact by 57.2% during the third quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after buying an additional 487 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in Genpact by 22.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In other news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.58% of the stock is currently owned by company insiders.

Genpact Trading Up 6.4%

G opened at $41.84 on Friday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.57. The business’s 50 day moving average is $35.66 and its two-hundred day moving average is $33.54. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64.

Genpact (NYSE:G – Get Free Report) last released its earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The company had revenue of $1.34 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. On average, research analysts predict that Genpact Limited will post 3.66 EPS for the current year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.8%. Genpact’s dividend payout ratio is 22.26%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on G. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, August 7th. Citigroup boosted their price target on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Genpact from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Wall Street Zen upgraded shares of Genpact from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Finally, Susquehanna raised their price objective on shares of Genpact from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.67.

Get Our Latest Stock Report on Genpact

Genpact Profile

(Free Report)

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.

Further Reading

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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