Bronfman E.L. Rothschild L.P. boosted its position in shares of Genpact Limited (NYSE:G) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,053 shares of the business services provider’s stock after acquiring an additional 94 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Genpact Limited were worth $141,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Genpact Limited during the 1st quarter worth about $110,000. BNP Paribas Arbitrage SA lifted its position in Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after acquiring an additional 2,403 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Genpact Limited during the 1st quarter worth about $168,000. Biltmore Wealth Management LLC acquired a new stake in Genpact Limited during the 2nd quarter worth about $201,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Genpact Limited during the 2nd quarter worth about $211,000. 92.16% of the stock is owned by institutional investors.
Genpact Limited (G) opened at 28.21 on Friday. The firm has a market cap of $5.44 billion, a PE ratio of 21.31 and a beta of 0.50. Genpact Limited has a 12-month low of $22.62 and a 12-month high of $31.93. The company has a 50-day moving average price of $28.63 and a 200-day moving average price of $26.69.
Genpact Limited (NYSE:G) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to the consensus estimate of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities analysts predict that Genpact Limited will post $1.56 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were given a $0.06 dividend. The ex-dividend date was Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s payout ratio is currently 18.05%.
Several brokerages have recently issued reports on G. Cantor Fitzgerald reissued a “buy” rating and issued a $32.00 price objective on shares of Genpact Limited in a report on Wednesday, September 13th. Robert W. Baird reissued an “outperform” rating and issued a $34.00 price objective on shares of Genpact Limited in a report on Wednesday, August 16th. BidaskClub cut Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Cowen and Company set a $33.00 price objective on Genpact Limited and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Wedbush reissued an “outperform” rating and issued a $33.00 price objective on shares of Genpact Limited in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Genpact Limited currently has an average rating of “Buy” and an average target price of $31.86.
In other news, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of Genpact Limited stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $244,087,661.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mohit Thukral sold 25,000 shares of Genpact Limited stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $28.37, for a total transaction 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. In the last 90 days, insiders sold 10,358,442 shares of company stock valued at $297,475,276. 1.55% of the stock is owned by insiders.
Genpact Limited Company Profile
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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