Victory Capital Management Inc. boosted its position in shares of Genpact Limited (NYSE:G) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,438 shares of the business services provider’s stock after purchasing an additional 7,970 shares during the quarter. Victory Capital Management Inc.’s holdings in Genpact Limited were worth $2,485,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of G. Ameriprise Financial Inc. boosted its position in Genpact Limited by 85.5% during the first quarter. Ameriprise Financial Inc. now owns 29,289 shares of the business services provider’s stock worth $725,000 after purchasing an additional 13,502 shares in the last quarter. Teachers Advisors LLC boosted its position in Genpact Limited by 5.7% during the first quarter. Teachers Advisors LLC now owns 141,273 shares of the business services provider’s stock worth $3,498,000 after purchasing an additional 7,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Genpact Limited by 20.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,325,395 shares of the business services provider’s stock worth $32,816,000 after purchasing an additional 226,217 shares in the last quarter. UBS Group AG boosted its position in Genpact Limited by 108.4% during the first quarter. UBS Group AG now owns 28,743 shares of the business services provider’s stock worth $712,000 after purchasing an additional 14,951 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Genpact Limited by 534.4% in the first quarter. Morgan Stanley now owns 230,114 shares of the business services provider’s stock valued at $5,698,000 after acquiring an additional 193,842 shares in the last quarter. Institutional investors own 92.78% of the company’s stock.
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In other Genpact Limited news, insider Piyush Mehta sold 17,017 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $31.00, for a total transaction of $527,527.00. Following the completion of the sale, the insider now directly owns 82,461 shares in the company, valued at $2,556,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $28.37, for a total value of $709,250.00. Following the sale, the insider now owns 85,305 shares of the company’s stock, valued at $2,420,102.85. The disclosure for this sale can be found here. Insiders sold 120,679 shares of company stock valued at $3,512,053 over the last quarter. Insiders own 1.41% of the company’s stock.
Genpact Limited (NYSE:G) opened at $31.27 on Friday. The company has a market capitalization of $5,995.63, a price-to-earnings ratio of 20.17, a P/E/G ratio of 2.12 and a beta of 0.58. Genpact Limited has a 12 month low of $23.34 and a 12 month high of $31.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65.
Genpact Limited (NYSE:G) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The firm had revenue of $708.82 million during the quarter, compared to analyst estimates of $685.25 million. Genpact Limited had a return on equity of 23.86% and a net margin of 10.18%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. equities analysts predict that Genpact Limited will post 1.46 EPS for the current fiscal year.
Several brokerages have recently issued reports on G. Cowen and Company set a $33.00 price objective on Genpact Limited and gave the company a “buy” rating in a research report on Tuesday, August 15th. Robert W. Baird restated an “outperform” rating and issued a $34.00 price objective on shares of Genpact Limited in a research report on Wednesday, August 16th. BidaskClub downgraded Genpact Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, Wedbush restated an “outperform” rating and issued a $33.00 price objective on shares of Genpact Limited in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.38.
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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