Gallacher Capital Management LLC Makes New $589,000 Investment in Genpact Limited $G

Gallacher Capital Management LLC purchased a new position in shares of Genpact Limited (NYSE:G) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,049 shares of the business services provider’s stock, valued at approximately $589,000.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Genpact by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock worth $160,480,000 after purchasing an additional 90,541 shares in the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Genpact by 13.6% during the third quarter. Tandem Investment Advisors Inc. now owns 2,936,194 shares of the business services provider’s stock worth $122,997,000 after purchasing an additional 351,871 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Genpact by 60.2% in the second quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after buying an additional 983,774 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Genpact by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,584,606 shares of the business services provider’s stock valued at $108,269,000 after acquiring an additional 82,918 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Genpact by 34.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,166,489 shares of the business services provider’s stock worth $95,347,000 after purchasing an additional 551,269 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity at Genpact

In other news, Director Tamara Franklin sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $45.65, for a total transaction of $125,537.50. Following the completion of the sale, the director owned 22,236 shares in the company, valued at $1,015,073.40. The trade was a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Riju Vashisht sold 16,016 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $747,146.40. Following the completion of the transaction, the senior vice president owned 95,521 shares in the company, valued at approximately $4,456,054.65. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 60,385 shares of company stock valued at $2,762,475 in the last three months. Corporate insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

G has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Susquehanna assumed coverage on shares of Genpact in a research report on Friday, December 12th. They set a “neutral” rating and a $50.00 target price for the company. Citigroup upgraded shares of Genpact to a “hold” rating in a research report on Thursday, October 23rd. Finally, Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.50.

Genpact Stock Down 1.6%

Genpact stock opened at $38.35 on Thursday. The company has a market capitalization of $6.61 billion, a PE ratio of 12.37, a PEG ratio of 1.15 and a beta of 0.74. Genpact Limited has a 12-month low of $37.49 and a 12-month high of $56.76. The firm’s fifty day moving average is $46.12 and its 200 day moving average is $43.83. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.33.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. Genpact had a net margin of 11.01% and a return on equity of 22.55%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact 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.