Unique Wealth LLC Takes $330,000 Position in Genpact Limited (NYSE:G)

by · The Cerbat Gem

Unique Wealth LLC purchased a new position in shares of Genpact Limited (NYSE:G – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,556 shares of the business services provider’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC grew its position in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after acquiring an additional 503 shares during the last quarter. SRH Advisors LLC acquired a new stake in Genpact during the 4th quarter worth $26,000. Atlas Capital Advisors Inc. grew its position in Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. Manchester Capital Management LLC acquired a new position in Genpact in the fourth quarter valued at $38,000. Finally, GeoWealth Management LLC raised its holdings in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock valued at $38,000 after buying an additional 583 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $87,940. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird lowered their price target on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Mizuho increased their price objective on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC dropped their target price on Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.71.

View Our Latest Stock Report on Genpact

Genpact Stock Performance

NYSE G opened at $42.08 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $46.13 and its two-hundred day moving average is $47.22. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G – Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Genpact’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Company Profile

(Free Report)

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.

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