Leuthold Group LLC Makes New Investment in Genpact Limited $G

Leuthold Group LLC purchased a new stake in shares of Genpact Limited (NYSE:G) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,452 shares of the business services provider’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Genpact in the third quarter valued at about $27,000. Root Financial Partners LLC purchased a new stake in shares of Genpact during the third quarter worth about $30,000. Basecamp Wealth Advisors LLC grew its position in shares of Genpact by 54.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after purchasing an additional 370 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Genpact by 57.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 487 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Genpact during the 3rd quarter valued at approximately $77,000. 96.03% of the stock is owned by institutional investors.

Genpact Price Performance

G stock opened at $43.07 on Wednesday. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64. The firm has a market capitalization of $7.20 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.13 and a beta of 0.53. The company has a fifty day simple moving average of $36.72 and a two-hundred day simple moving average of $35.50. The company has a quick ratio of 2.00, a current ratio of 1.95 and a debt-to-equity ratio of 0.42.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Genpact had a return on equity of 23.02% and a net margin of 11.04%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Genpact Limited will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business 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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 10th. Genpact’s payout ratio is currently 21.87%.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. Citigroup boosted their price target on Genpact from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday. Needham & Company LLC increased their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 6th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th. Finally, TD Cowen boosted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Genpact has an average rating of “Hold” and a consensus price target of $41.89.

Insider Activity at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.58% of the company’s stock.

Genpact Profile

Genpact is a global professional services company that helps businesses improve operations and pursue digital transformation. Its services include business process management, consulting, data and analytics, artificial intelligence, and technology implementation. The company works with clients across industries such as banking and financial services, insurance, consumer goods, healthcare, life sciences, manufacturing, and technology. It serves organizations around the world through its global operations.