Arbejdsmarkedets Tillaegspension bought a new stake in Genpact Limited (NYSE:G – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm bought 508,281 shares of the business services provider’s stock, valued at approximately $23,777,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in Genpact in the third quarter valued at $27,000. Westside Investment Management Inc. boosted its holdings in Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares during the period. iSAM Funds UK Ltd purchased a new position in Genpact in the third quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the third quarter valued at $29,000. Finally, V Square Quantitative Management LLC purchased a new position in Genpact in the fourth quarter valued at $30,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
Genpact Stock Performance
Shares of G stock opened at $28.92 on Friday. The stock has a market capitalization of $4.90 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.61. Genpact Limited has a 52-week low of $28.78 and a 52-week high of $48.64. The stock’s 50-day moving average price is $36.39 and its 200 day moving average price is $41.03. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.47.
Genpact Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, June 10th. Genpact’s payout ratio is 23.01%.
Insider Transactions at Genpact
In related news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total value of $114,156.00. Following the transaction, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.58% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
G has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Robert W. Baird reduced their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. Mizuho reduced their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.29.
Check Out Our Latest Stock Report on Genpact
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.
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