Genpact Limited $G Stock Position Increased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in Genpact Limited (NYSE:G) by 15.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 177,234 shares of the business services provider’s stock after buying an additional 23,974 shares during the period. ProShare Advisors LLC owned approximately 0.10% of Genpact worth $8,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of G. Westside Investment Management Inc. grew its holdings in shares of Genpact by 193.5% in the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after acquiring an additional 447 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Genpact in the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new position in shares of Genpact in the 3rd quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in shares of Genpact in the 4th quarter worth $30,000. Finally, Shell Asset Management Co. acquired a new position in shares of Genpact in the 3rd quarter worth $33,000. Institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the transaction, the chief executive officer owned 525,007 shares in the company, valued at approximately $21,404,535.39. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.58% of the company’s stock.

Genpact Stock Performance

Shares of G stock opened at $32.02 on Friday. Genpact Limited has a 1-year low of $28.78 and a 1-year high of $48.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.91 and a beta of 0.61. The stock’s fifty day simple moving average is $35.43 and its 200-day simple moving average is $40.77.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion for the quarter. On average, sell-side analysts predict that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact’s payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

G has been the topic of a number of recent research reports. Citigroup decreased their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Finally, Susquehanna decreased their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Genpact has a consensus rating of “Hold” and a consensus price target of $43.29.

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.