Engineers Gate Manager LP Increases Position in Genpact Limited $G

Engineers Gate Manager LP boosted its position in Genpact Limited (NYSE:G) by 42.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,729 shares of the business services provider’s stock after acquiring an additional 67,482 shares during the quarter. Engineers Gate Manager LP’s holdings in Genpact were worth $6,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Osbon Capital Management LLC bought a new stake in Genpact during the fourth quarter worth about $25,000. iSAM Funds UK Ltd bought a new position in shares of Genpact during the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new position in shares of Genpact during the 3rd quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in shares of Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Genpact during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Activity

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup boosted their target price on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC lowered their price objective on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Genpact currently has an average rating of “Hold” and an average price target of $39.33.

Genpact Stock Performance

Shares of G stock opened at $35.14 on Friday. The company has a market capitalization of $5.90 billion, a P/E ratio of 10.43, a PEG ratio of 0.92 and a beta of 0.58. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a 50 day moving average price of $34.09 and a two-hundred day moving average price of $34.29.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The firm had revenue of $1.34 billion for the quarter. Analysts expect that Genpact Limited will post 3.66 earnings per share for the current year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is 22.26%.

Genpact Company Profile

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.