Nisa Investment Advisors LLC Has $178,000 Position in Genpact Limited (G)

Nisa Investment Advisors LLC held its stake in shares of Genpact Limited (NYSE:G) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the business services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Genpact Limited were worth $178,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of G. Bank of Montreal Can raised its stake in shares of Genpact Limited by 1.2% in the first quarter. Bank of Montreal Can now owns 117,378 shares of the business services provider’s stock worth $2,906,000 after buying an additional 1,379 shares in the last quarter. Huntington National Bank raised its stake in shares of Genpact Limited by 4,164.6% in the first quarter. Huntington National Bank now owns 11,685 shares of the business services provider’s stock worth $289,000 after buying an additional 11,411 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Genpact Limited by 14.3% in the first quarter. First Quadrant L P CA now owns 911,545 shares of the business services provider’s stock worth $22,570,000 after buying an additional 113,951 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Genpact Limited by 8.6% in the first quarter. First Mercantile Trust Co. now owns 19,697 shares of the business services provider’s stock worth $488,000 after buying an additional 1,557 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Genpact Limited during the first quarter worth $404,000. Institutional investors and hedge funds own 92.25% of the company’s stock.

Shares of Genpact Limited (G) traded up 0.53% on Wednesday, reaching $28.70. The company’s stock had a trading volume of 663,210 shares. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 21.68 and a beta of 0.50. The stock has a 50 day moving average of $28.52 and a 200-day moving average of $26.03. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $31.93.

Genpact Limited (NYSE:G) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The firm had revenue of $670.70 million for the quarter, compared to analysts’ expectations of $642.68 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Genpact Limited will post $1.56 EPS for the current year.

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Several brokerages have commented on G. BidaskClub raised Genpact Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG lifted their target price on Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets lifted their target price on Genpact Limited from $26.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Finally, Wedbush began coverage on Genpact Limited in a report on Thursday, August 3rd. They set a “neutral” rating and a $33.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $30.67.

In other news, insider Mohit Thukral sold 27,228 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the sale, the insider now directly owns 68,845 shares in the company, valued at $1,873,272.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.55% of the company’s stock.

About Genpact Limited

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.