Campbell & CO Investment Adviser LLC Takes Position in Genpact Limited (NYSE:G)


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Campbell & CO Investment Adviser LLC purchased a new stake in shares of Genpact Limited (NYSE:G) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,680 shares of the business services provider’s stock, valued at approximately $442,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in Genpact by 34.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,679,940 shares of the business services provider’s stock valued at $234,922,000 after purchasing an additional 1,470,634 shares during the period. Marks Group Wealth Management Inc grew its stake in shares of Genpact by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 119,661 shares of the business services provider’s stock worth $4,949,000 after acquiring an additional 515 shares in the last quarter. BlackRock Inc. grew its stake in shares of Genpact by 0.4% in the fourth quarter. BlackRock Inc. now owns 7,553,196 shares of the business services provider’s stock worth $312,399,000 after acquiring an additional 30,672 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Genpact by 22.0% during the fourth quarter. SG Americas Securities LLC now owns 86,148 shares of the business services provider’s stock worth $3,563,000 after purchasing an additional 15,557 shares in the last quarter. Finally, Ellsworth Advisors LLC grew its stake in shares of Genpact by 15.0% during the fourth quarter. Ellsworth Advisors LLC now owns 44,521 shares of the business services provider’s stock worth $1,841,000 after purchasing an additional 5,820 shares in the last quarter. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

NYSE G opened at $39.83 on Tuesday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.13 and a beta of 1.32. Genpact Limited has a 52-week low of $19.41 and a 52-week high of $43.94. The firm has a 50-day moving average price of $40.87 and a 200 day moving average price of $40.11. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.74.

Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 8th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Genpact had a net margin of 8.53% and a return on equity of 21.81%. The firm had revenue of $950.57 million during the quarter, compared to analysts’ expectations of $933.93 million. On average, equities research analysts expect that Genpact Limited will post 1.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Wednesday, March 10th will be given a $0.108 dividend. The ex-dividend date is Tuesday, March 9th. This is a positive change from Genpact’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a dividend yield of 1.08%. Genpact’s dividend payout ratio is currently 25.00%.

A number of equities research analysts recently weighed in on G shares. BMO Capital Markets reduced their price target on shares of Genpact from $48.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday, November 3rd. Needham & Company LLC boosted their price target on shares of Genpact from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Finally, Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Tuesday, February 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.88.

In other Genpact news, SVP Heather White sold 15,513 shares of the stock in a transaction that occurred on Tuesday, January 12th. The shares were sold at an average price of $41.14, for a total transaction of $638,204.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Piyush Mehta sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $43.00, for a total transaction of $3,010,000.00. 1.86% of the stock is owned by corporate insiders.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. It operates in three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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