Genpact Limited $G Stock Purchased by Vest Financial LLC

by · The Markets Daily

Vest Financial LLC boosted its position in shares of Genpact Limited (NYSE:G – Free Report) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 201,772 shares of the business services provider’s stock after purchasing an additional 18,433 shares during the quarter. Vest Financial LLC’s holdings in Genpact were worth $6,564,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Genpact by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock worth $208,965,000 after buying an additional 598,877 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Genpact by 10.2% in the 1st quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider’s stock worth $89,996,000 after buying an additional 222,899 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of Genpact in the 1st quarter worth about $30,037,000. Pacer Advisors Inc. grew its stake in Genpact by 40.7% in the 1st quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock valued at $28,504,000 after acquiring an additional 221,536 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Genpact by 172.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 704,124 shares of the business services provider’s stock valued at $26,229,000 after acquiring an additional 445,743 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

G has been the subject of several recent research reports. Susquehanna raised their target price on shares of Genpact from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Needham & Company LLC dropped their price objective on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Wall Street Zen upgraded Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Citigroup upped 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, Robert W. Baird lowered their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.67.

Get Our Latest Report on Genpact

Genpact Price Performance

NYSE:G opened at $41.84 on Friday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.57. Genpact Limited has a 12-month low of $26.85 and a 12-month 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 company’s 50-day moving average is $35.66 and its two-hundred day moving average is $33.54.

Genpact (NYSE:G – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The business had revenue of $1.34 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Research analysts expect that Genpact Limited will post 3.66 EPS for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th. Genpact’s payout ratio is presently 22.26%.

About Genpact

(Free Report)

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.

Further Reading

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