First Trust Advisors LP lifted its holdings in Genpact Limited (NYSE:G) by 184.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,560 shares of the business services provider’s stock after purchasing an additional 143,128 shares during the period. First Trust Advisors LP owned approximately 0.11% of Genpact Limited worth $6,341,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Genpact Limited by 40.1% in the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock valued at $299,483,000 after purchasing an additional 3,080,741 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Genpact Limited by 1.5% in the second quarter. Pzena Investment Management LLC now owns 2,670,064 shares of the business services provider’s stock valued at $74,308,000 after purchasing an additional 38,353 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Genpact Limited by 8.4% in the second quarter. Congress Asset Management Co. MA now owns 2,557,213 shares of the business services provider’s stock valued at $71,167,000 after purchasing an additional 199,012 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Genpact Limited by 16.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,605,018 shares of the business services provider’s stock valued at $44,668,000 after purchasing an additional 221,046 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Genpact Limited by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock valued at $41,409,000 after purchasing an additional 162,487 shares in the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

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In related news, insider Piyush Mehta sold 17,017 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $31.00, for a total value of $527,527.00. Following the completion of the sale, the insider now owns 82,461 shares in the company, valued at approximately $2,556,291. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the sale, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders have sold a total of 10,396,187 shares of company stock valued at $298,624,643 in the last 90 days. Insiders own 1.41% of the company’s stock.

Several research analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of Genpact Limited in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Genpact Limited from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a report on Friday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Genpact Limited in a report on Wednesday, November 8th. Cowen and Company reiterated a “buy” rating and set a $33.00 price target on shares of Genpact Limited in a report on Thursday, October 12th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $34.00 price target on shares of Genpact Limited in a report on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.38.

Shares of Genpact Limited (G) opened at $31.06 on Wednesday. The firm has a market cap of $6,003.35, a P/E ratio of 20.19, a PEG ratio of 2.13 and a beta of 0.58. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact Limited has a 12-month low of $23.34 and a 12-month high of $31.93.

Genpact Limited (NYSE:G) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $708.82 million during the quarter, compared to the consensus estimate of $685.25 million. Genpact Limited had a net margin of 10.18% and a return on equity of 23.86%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. research analysts expect that Genpact Limited will post 1.46 earnings per share for the current fiscal year.

Genpact Limited Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Institutional Ownership by Quarter for Genpact Limited (NYSE:G)

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