Access Investment Management LLC boosted its position in shares of Genpact Limited (NYSE:G – Free Report) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,775 shares of the business services provider’s stock after acquiring an additional 32,660 shares during the period. Genpact accounts for 2.8% of Access Investment Management LLC’s holdings, making the stock its 12th biggest position. Access Investment Management LLC owned 0.14% of Genpact worth $10,337,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of G. Private Trust Co. NA lifted its holdings in shares of Genpact by 364.2% during the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 499 shares during the last quarter. Quent Capital LLC acquired a new position in Genpact during the 3rd quarter valued at about $27,000. Huntington National Bank increased its position in Genpact by 208.2% during the 2nd quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock valued at $40,000 after buying an additional 612 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Genpact by 104.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 922 shares of the business services provider’s stock valued at $41,000 after buying an additional 472 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Genpact by 7,653.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,163 shares of the business services provider’s stock worth $49,000 after acquiring an additional 1,148 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
Genpact Price Performance
Shares of NYSE:G opened at $44.08 on Friday. Genpact Limited has a twelve month low of $37.49 and a twelve month high of $56.76. The company’s 50 day moving average is $46.35 and its 200 day moving average is $43.93. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.60 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on G shares. Susquehanna initiated coverage on shares of Genpact in a report on Friday, December 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Citigroup raised shares of Genpact to a “hold” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Genpact has a consensus rating of “Hold” and an average price target of $50.50.
Check Out Our Latest Research Report on Genpact
Insider Buying and Selling at Genpact
In other Genpact news, SVP Riju Vashisht sold 16,016 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the sale, the senior vice president directly owned 95,521 shares of the company’s stock, valued at approximately $4,456,054.65. This trade represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sameer Dewan sold 15,088 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the transaction, the senior vice president directly owned 37,749 shares of the company’s stock, valued at approximately $1,760,990.85. This trade represents a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 60,385 shares of company stock valued at $2,762,475. 3.07% of the stock is owned by insiders.
About Genpact
Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.
Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.
Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.
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