Martingale Asset Management L P Has $19.33 Million Stake in Genpact Limited (G)

Martingale Asset Management L P decreased its position in Genpact Limited (NYSE:G) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 694,590 shares of the business services provider’s stock after selling 1,850 shares during the quarter. Martingale Asset Management L P owned 0.36% of Genpact Limited worth $19,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of G. Dalton Investments LLC lifted its position in Genpact Limited by 6.0% during the 2nd quarter. Dalton Investments LLC now owns 839,960 shares of the business services provider’s stock worth $23,376,000 after buying an additional 47,300 shares in the last quarter. Eaton Vance Management lifted its position in Genpact Limited by 185.4% during the 2nd quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock worth $23,834,000 after buying an additional 556,323 shares in the last quarter. Schroder Investment Management Group lifted its position in Genpact Limited by 36.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock worth $36,099,000 after buying an additional 348,626 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Genpact Limited by 10.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 14,650 shares of the business services provider’s stock worth $408,000 after buying an additional 1,380 shares in the last quarter. Finally, Sawtooth Solutions LLC lifted its position in Genpact Limited by 1.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 9,034 shares of the business services provider’s stock worth $251,000 after buying an additional 165 shares in the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, August 8th. Robert W. Baird reiterated an “outperform” rating and set a $34.00 price target on shares of Genpact Limited in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Wedbush reiterated an “outperform” rating and set a $33.00 price target on shares of Genpact Limited in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Genpact Limited presently has an average rating of “Buy” and an average price target of $31.14.

In related news, insider Mohit Thukral sold 25,000 shares of Genpact Limited stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $28.37, for a total value of $709,250.00. Following the transaction, the insider now directly owns 85,305 shares of the company’s stock, valued at $2,420,102.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 stock was sold at an average price of $28.72, for a total value of $244,087,661.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,358,442 shares of company stock worth $297,475,276. 1.55% of the stock is owned by insiders.

Shares of Genpact Limited (NYSE:G) traded down 0.50% during mid-day trading on Friday, hitting $27.97. 793,284 shares of the company were exchanged. Genpact Limited has a 12-month low of $22.58 and a 12-month high of $31.93. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 21.13 and a beta of 0.50. The firm has a 50 day moving average of $28.75 and a 200 day moving average of $26.47.

Genpact Limited (NYSE:G) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million for the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. Equities research analysts forecast that Genpact Limited will post $1.56 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be paid a $0.06 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 7th. Genpact Limited’s dividend payout ratio is currently 18.05%.

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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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Institutional Ownership by Quarter for Genpact Limited (NYSE:G)

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