Blair William & Co. IL lowered its stake in Genpact Limited (NYSE:G) by 73.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 86,472 shares of the business services provider’s stock after selling 235,083 shares during the period. Blair William & Co. IL’s holdings in Genpact Limited were worth $2,407,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Genpact Limited during the first quarter valued at $110,000. Bronfman E.L. Rothschild L.P. boosted its position in Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,480 shares during the period. BNP Paribas Arbitrage SA boosted its position in Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after buying an additional 2,403 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in Genpact Limited during the first quarter valued at $168,000. Finally, Biltmore Wealth Management LLC purchased a new position in Genpact Limited during the second quarter valued at $201,000. Institutional investors and hedge funds own 92.25% of the company’s stock.
Genpact Limited (NYSE:G) opened at 28.39 on Friday. The firm has a 50-day moving average of $28.64 and a 200-day moving average of $26.22. The stock has a market capitalization of $5.48 billion, a PE ratio of 21.44 and a beta of 0.50. Genpact Limited has a 1-year low of $22.58 and a 1-year high of $31.93.
Genpact Limited (NYSE:G) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company had revenue of $670.70 million for the quarter, compared to the consensus estimate of $642.68 million. During the same quarter in the prior year, the company earned $0.36 EPS. Genpact Limited’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Genpact Limited will post $1.56 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s dividend payout ratio (DPR) is presently 18.05%.
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Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Genpact Limited from $26.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Robert W. Baird restated an “outperform” rating and set a $34.00 price target on shares of Genpact Limited in a report on Wednesday, August 16th. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the stock a “buy” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Deutsche Bank AG boosted their price target on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Genpact Limited currently has an average rating of “Buy” and a consensus target price of $31.14.
In related news, CFO Edward J. Fitzpatrick sold 57,934 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $28.54, for a total value of $1,653,436.36. Following the transaction, the chief financial officer now owns 113,520 shares in the company, valued at approximately $3,239,860.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mohit Thukral sold 27,228 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now owns 68,845 shares in the company, valued at approximately $1,873,272.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,360,670 shares of company stock worth $297,506,900. 1.55% of the stock is owned by corporate insiders.
Genpact Limited Company 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.
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