Genpact Limited $G Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in shares of Genpact Limited (NYSE:G) by 72.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,125 shares of the business services provider’s stock after selling 188,421 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Genpact were worth $3,063,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of G. Private Trust Co. NA raised its holdings in Genpact by 364.2% in the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 499 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Genpact during the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. grew its position in shares of Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Genpact in the third quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Genpact in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the transaction, the chief executive officer owned 525,007 shares of the company’s stock, valued at $21,404,535.39. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Riju Vashisht sold 16,016 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the transaction, the senior vice president directly owned 95,521 shares of the company’s stock, valued at approximately $4,456,054.65. This trade represents a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,904 shares of company stock valued at $1,565,158 over the last 90 days. 1.58% of the stock is owned by insiders.

Genpact Price Performance

G stock opened at $36.56 on Friday. The business has a fifty day moving average of $40.11 and a two-hundred day moving average of $42.37. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.75. Genpact Limited has a 52-week low of $34.79 and a 52-week high of $50.82.

Genpact (NYSE:G) last posted its earnings results on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.1875 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, March 16th. This represents a $0.75 annualized dividend and a yield of 2.1%. Genpact’s payout ratio is presently 23.96%.

Analysts Set New Price Targets

A number of brokerages recently commented on G. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Mizuho cut their target price on Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC reduced their price target on Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Susquehanna set a $42.00 price target on shares of Genpact in a research report on Friday, February 6th. Finally, Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.29.

Genpact Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.