C WorldWide Group Holding A S Acquires 11,278 Shares of Genpact Limited $G

C WorldWide Group Holding A S increased its holdings in Genpact Limited (NYSE:G) by 25.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,967 shares of the business services provider’s stock after acquiring an additional 11,278 shares during the period. C WorldWide Group Holding A S’s holdings in Genpact were worth $2,463,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of G. Hussman Strategic Advisors Inc. bought a new position in Genpact during the second quarter valued at $3,697,000. Access Investment Management LLC bought a new position in Genpact during the second quarter valued at $9,423,000. Strs Ohio grew its holdings in Genpact by 51.4% during the second quarter. Strs Ohio now owns 56,217 shares of the business services provider’s stock valued at $2,474,000 after purchasing an additional 19,075 shares during the period. Asset Management One Co. Ltd. grew its holdings in Genpact by 149.5% during the second quarter. Asset Management One Co. Ltd. now owns 33,618 shares of the business services provider’s stock valued at $1,480,000 after purchasing an additional 20,146 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Genpact by 8.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock valued at $110,099,000 after purchasing an additional 203,015 shares during the period. 96.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares in the company, valued at $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the sale, the chief executive officer owned 295,246 shares in the company, valued at $12,801,866.56. The trade was a 15.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.07% of the company’s stock.

Genpact Trading Up 1.1%

Shares of G stock opened at $38.84 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. Genpact Limited has a 52-week low of $37.49 and a 52-week high of $56.76. The company has a market capitalization of $6.77 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.32 and a beta of 0.85. The business’s fifty day moving average is $41.28 and its 200 day moving average is $43.40.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, December 9th. Genpact’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup raised Genpact to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. dropped their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research report on Thursday, July 17th. They set a “hold” rating and a $47.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Genpact has an average rating of “Hold” and a consensus target price of $51.13.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.