Bull Harbor Capital LLC Purchases New Stake in Genpact Limited $G

Bull Harbor Capital LLC purchased a new stake in shares of Genpact Limited (NYSE:G) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,212 shares of the business services provider’s stock, valued at approximately $753,000.

Other institutional investors also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new position in shares of Genpact during the 4th quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in Genpact in the 4th quarter valued at $30,000. iSAM Funds UK Ltd purchased a new position in Genpact in the third quarter valued at about $29,000. Johnson Financial Group Inc. acquired a new position in shares of Genpact during the third quarter worth about $29,000. Finally, Larson Financial Group LLC lifted its stake in shares of Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after purchasing an additional 574 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Trading Down 3.6%

Shares of G opened at $35.40 on Friday. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The stock has a 50-day moving average price of $30.83 and a 200 day moving average price of $35.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $6.00 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.04 and a beta of 0.61.

Genpact (NYSE:G) last posted its quarterly earnings data 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 forecast that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Dividend Announcement

The business 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 $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.1%. Genpact’s payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on G. Robert W. Baird dropped their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Mizuho decreased their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. TD Cowen dropped their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.

About Genpact

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.