Genpact Limited $G Stake Lifted by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its position in Genpact Limited (NYSE:G) by 10.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,682,880 shares of the business services provider’s stock after acquiring an additional 363,334 shares during the quarter. Pzena Investment Management LLC’s holdings in Genpact were worth $119,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Gallacher Capital Management LLC lifted its holdings in Genpact by 2.8% during the third quarter. Gallacher Capital Management LLC now owns 17,773 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 489 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in Genpact by 0.4% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 103,891 shares of the business services provider’s stock valued at $3,380,000 after acquiring an additional 406 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Genpact in the 3rd quarter worth approximately $77,000. Vise Technologies Inc. boosted its holdings in shares of Genpact by 237.0% during the 3rd quarter. Vise Technologies Inc. now owns 47,599 shares of the business services provider’s stock worth $1,548,000 after purchasing an additional 33,475 shares during the last quarter. Finally, Childress Capital Advisors LLC increased its holdings in shares of Genpact by 14.1% in the third quarter. Childress Capital Advisors LLC now owns 11,195 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 1,384 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of the firm’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 of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.58% of the stock is owned by corporate insiders.

Genpact Stock Up 1.4%

Shares of Genpact stock opened at $40.78 on Thursday. The business’s fifty day moving average price is $36.35 and its two-hundred day moving average price is $35.56. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The company has a market capitalization of $6.82 billion, a P/E ratio of 12.10, a PEG ratio of 1.07 and a beta of 0.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) 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 forecast that Genpact Limited will post 3.66 EPS for the current year.

Genpact Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on G shares. JPMorgan Chase & Co. lifted their target price on Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Citigroup upped their price objective on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BMO Capital Markets restated a “market perform” rating and set a $40.00 target price on shares of Genpact in a research note on Friday, August 7th. Weiss Ratings raised shares of Genpact from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. Finally, Wall Street Zen upgraded shares of Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Genpact has an average rating of “Hold” and a consensus price target of $39.67.

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.