Engineers Gate Manager LP Grows Position in Genpact Limited $G

Engineers Gate Manager LP raised its stake in shares of Genpact Limited (NYSE:G - Free Report) by 42.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,729 shares of the business services provider's stock after acquiring an additional 67,482 shares during the period. Engineers Gate Manager LP owned about 0.13% of Genpact worth $6,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of G. Qsemble Capital Management LP bought a new stake in shares of Genpact during the 4th quarter worth $3,258,000. LSV Asset Management boosted its holdings in shares of Genpact by 15.1% in the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider's stock worth $115,435,000 after buying an additional 324,345 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new position in Genpact during the fourth quarter valued at about $23,777,000. Geode Capital Management LLC grew its position in Genpact by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider's stock valued at $210,391,000 after buying an additional 107,870 shares during the period. Finally, Edgestream Partners L.P. grew its position in Genpact by 862.8% during the first quarter. Edgestream Partners L.P. now owns 114,167 shares of the business services provider's stock valued at $4,253,000 after buying an additional 102,309 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Up 2.1%

Shares of NYSE G opened at $35.14 on Friday. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64. The business has a 50-day simple moving average of $34.09 and a two-hundred day simple moving average of $34.29. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.90 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.92 and a beta of 0.58.

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

Genpact Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on Genpact from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Wall Street Zen lowered Genpact from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Robert W. Baird decreased their target price on Genpact from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $39.33.

Insider Activity

In related news, SVP Anil Nanduru sold 6,191 shares of Genpact 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 completion of the sale, the senior vice president owned 70,253 shares of the company's stock, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.58% of the company's stock.

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.

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