Handelsbanken Fonder AB Purchases 16,600 Shares of Genpact Limited $G

Handelsbanken Fonder AB increased its position in shares of Genpact Limited (NYSE:G) by 39.7% in the 4th quarter, HoldingsChannel reports. The firm owned 58,400 shares of the business services provider’s stock after acquiring an additional 16,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Genpact were worth $2,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Genpact during the fourth quarter worth about $30,000. Westside Investment Management Inc. lifted its position in Genpact by 193.5% during the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after purchasing an additional 447 shares during the period. iSAM Funds UK Ltd bought a new stake in Genpact during the third quarter worth about $29,000. Johnson Financial Group Inc. bought a new stake in Genpact during the third quarter worth about $29,000. Finally, Shell Asset Management Co. bought a new stake in Genpact during the third quarter worth about $33,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. Citigroup cut their price objective on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Mizuho cut their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Susquehanna dropped their target price on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Robert W. Baird dropped their target price on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.29.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the completion of the transaction, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. This trade represents a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.58% of the stock is currently owned by company insiders.

Genpact Stock Down 0.1%

Shares of NYSE G opened at $31.89 on Monday. The company has a 50 day simple moving average of $35.30 and a 200 day simple moving average of $40.73. The firm has a market cap of $5.40 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.90 and a beta of 0.61. Genpact Limited has a 1 year low of $28.78 and a 1 year high of $48.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $1.30 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, research analysts forecast that Genpact Limited will post 3.64 EPS for the current year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is 23.01%.

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.