Invictus RG Takes Position in Genpact Limited (G)
Invictus RG bought a new stake in Genpact Limited (NYSE:G) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,881 shares of the business services provider’s stock, valued at approximately $572,000.
A number of other institutional investors also recently bought and sold shares of G. BlackRock Inc. grew its stake in shares of Genpact by 40.1% during the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after purchasing an additional 3,080,741 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Genpact by 2,300.3% during the second quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock worth $23,157,000 after purchasing an additional 797,436 shares in the last quarter. Eaton Vance Management grew its stake in shares of Genpact by 185.4% during the second quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock worth $23,834,000 after purchasing an additional 556,323 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Genpact by 36.9% during the second quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock worth $36,099,000 after purchasing an additional 348,626 shares in the last quarter. Finally, Marathon Asset Management LLP grew its stake in shares of Genpact by 27.7% during the third quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock worth $39,002,000 after purchasing an additional 293,931 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
A number of equities research analysts recently weighed in on G shares. SunTrust Banks reissued a “buy” rating and issued a $34.00 price target on shares of Genpact in a research report on Monday, October 9th. BidaskClub cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Robert W. Baird reissued a “buy” rating and issued a $34.00 price target on shares of Genpact in a research report on Monday, September 25th. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a research report on Friday, November 10th. Finally, Wedbush reissued an “outperform” rating and issued a $33.00 price target on shares of Genpact in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.38.
In other Genpact news, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $30.26, for a total transaction of $45,384,129.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Piyush Mehta sold 20,728 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $30.00, for a total transaction of $621,840.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,575,051 shares of company stock worth $47,739,747. Company insiders own 1.41% of the company’s stock.
Shares of Genpact Limited (NYSE G) traded down $0.24 during trading hours on Monday, hitting $32.00. 2,082,900 shares of the stock were exchanged, compared to its average volume of 1,033,698. Genpact Limited has a 1-year low of $23.34 and a 1-year high of $32.45. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $6,177.36, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.18 and a beta of 0.58.
Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The business had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. equities research analysts forecast that Genpact Limited will post 1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. Genpact’s dividend payout ratio (DPR) is 17.39%.
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.
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