Squarepoint Ops LLC Buys 15,062 Shares of Genpact Limited $G

Squarepoint Ops LLC grew its stake in Genpact Limited (NYSE:G) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,669 shares of the business services provider’s stock after buying an additional 15,062 shares during the quarter. Squarepoint Ops LLC owned 0.27% of Genpact worth $12,311,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nalanda India Equity Fund Ltd lifted its position in Genpact by 8.0% in the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock valued at $641,003,000 after acquiring an additional 1,015,556 shares in the last quarter. AQR Capital Management LLC increased its holdings in Genpact by 90.9% during the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after purchasing an additional 3,131,643 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Genpact by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock worth $208,965,000 after purchasing an additional 598,877 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Genpact by 2,558.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,047,048 shares of the business services provider’s stock valued at $138,794,000 after purchasing an additional 4,857,216 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock valued at $224,678,000 after purchasing an additional 2,562,484 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on G shares. TD Cowen upped their price objective on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Susquehanna upped their price target on Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Robert W. Baird decreased their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.33.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction that occurred on 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 SEC, which is available at this link. 1.58% of the stock is currently owned by corporate insiders.

Genpact Trading Down 1.4%

Genpact stock opened at $34.85 on Thursday. The firm has a 50-day moving average of $33.87 and a 200-day moving average of $34.32. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.94 and a beta of 0.58.

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

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.2%. Genpact’s payout ratio is 22.26%.

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.