Stevens Capital Management LP Takes $2.81 Million Position in Genpact Limited (G)

Stevens Capital Management LP bought a new position in shares of Genpact Limited (NYSE:G) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 97,785 shares of the business services provider’s stock, valued at approximately $2,811,000. Stevens Capital Management LP owned approximately 0.05% of Genpact Limited as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. raised its position in shares of Genpact Limited by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,129 shares of the business services provider’s stock worth $560,000 after acquiring an additional 52 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Genpact Limited by 1.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after acquiring an additional 94 shares in the last quarter. Sawtooth Solutions LLC raised its position in shares of Genpact Limited by 1.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 9,034 shares of the business services provider’s stock worth $251,000 after acquiring an additional 165 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after acquiring an additional 189 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Genpact Limited by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock worth $181,000 after acquiring an additional 455 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Private Ltd Gic sold 1,501,126 shares of Genpact Limited stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $43,112,338.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Piyush Mehta sold 17,017 shares of Genpact Limited stock in a transaction that occurred 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 $2,556,291. The disclosure for this sale can be found here. In the last three months, insiders sold 10,396,187 shares of company stock worth $298,624,643. Corporate insiders own 1.41% of the company’s stock.

G has been the topic of several research analyst reports. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub lowered Genpact Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Cowen and Company set a $33.00 price target on Genpact Limited and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price target on shares of Genpact Limited in a research report on Monday, September 25th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $32.00 price target on shares of Genpact Limited in a research report on Wednesday, September 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $33.13.

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Genpact Limited (G) opened at $31.18 on Friday. The stock has a market capitalization of $6,011.08, a P/E ratio of 20.22, a PEG ratio of 2.13 and a beta of 0.58. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.82. Genpact Limited has a twelve month low of $23.16 and a twelve month high of $31.93.

Genpact Limited (NYSE:G) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. Genpact Limited had a return on equity of 24.21% and a net margin of 10.18%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. sell-side analysts forecast that Genpact Limited will post 1.46 EPS for the current year.

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.

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

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