29,361 Shares in Genpact Limited $G Purchased by Sawyer & Company Inc

Sawyer & Company Inc purchased a new position in shares of Genpact Limited (NYSE:G) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,361 shares of the business services provider’s stock, valued at approximately $955,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of Genpact by 40.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock valued at $103,000 after buying an additional 918 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Genpact in the 3rd quarter valued at $27,000. Mather Group LLC. raised its holdings in shares of Genpact by 568.9% in the 3rd quarter. Mather Group LLC. now owns 2,388 shares of the business services provider’s stock valued at $78,000 after buying an additional 2,031 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in Genpact by 27.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 16,391 shares of the business services provider’s stock worth $568,000 after acquiring an additional 3,549 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Genpact by 2.1% during the 3rd quarter. Sound Income Strategies LLC now owns 235,482 shares of the business services provider’s stock worth $8,164,000 after acquiring an additional 4,806 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Up 0.9%

Shares of NYSE:G traded up $0.34 during trading on Wednesday, hitting $39.04. The company’s stock had a trading volume of 788,157 shares, compared to its average volume of 2,404,178. The business has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $33.50. The company has a market capitalization of $6.53 billion, a PE ratio of 11.61, a P/E/G ratio of 1.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The business had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. As a group, research analysts expect that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, December 10th. Genpact’s payout ratio is presently 22.26%.

Analyst Ratings Changes

G has been the subject of a number of research analyst reports. Needham & Company LLC lowered their target price on Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings upgraded shares of Genpact from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price target on shares of Genpact in a research note on Friday, August 7th. Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $39.33.

Insider Buying and Selling

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares in the company, valued at $2,601,468.59. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is owned by insiders.

Genpact Company Profile

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.