Birch Capital Management LLC Has $2.44 Million Position in Genpact Limited $G

Birch Capital Management LLC reduced its stake in Genpact Limited (NYSE:G) by 21.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,631 shares of the business services provider’s stock after selling 23,767 shares during the period. Genpact makes up approximately 1.2% of Birch Capital Management LLC’s holdings, making the stock its 23rd largest holding. Birch Capital Management LLC owned approximately 0.05% of Genpact worth $2,437,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of G. Proficio Capital Partners LLC acquired a new position in Genpact in the second quarter worth $207,000. Wellington Management Group LLP increased its stake in shares of Genpact by 270.7% in the second quarter. Wellington Management Group LLP now owns 56,883 shares of the business services provider’s stock valued at $1,564,000 after buying an additional 41,538 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Genpact in the second quarter valued at about $1,217,000. Globeflex Capital L P bought a new position in shares of Genpact in the second quarter valued at about $3,627,000. Finally, CX Institutional lifted its position in Genpact by 23.3% during the 2nd quarter. CX Institutional now owns 178,114 shares of the business services provider’s stock worth $4,898,000 after buying an additional 33,613 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.58% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research report on Friday, July 10th. Robert W. Baird decreased their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Citigroup lifted their target price on Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.33.

Genpact Stock Performance

G stock opened at $37.70 on Wednesday. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a market cap of $6.33 billion, a PE ratio of 11.19, a P/E/G ratio of 1.01 and a beta of 0.57. The business’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $34.36.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%.The business had revenue of $1.34 billion for the quarter. As a group, research analysts forecast that Genpact Limited will post 3.66 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s payout ratio is currently 22.26%.

About Genpact

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.