EULAV Asset Management Buys New Holdings in Genpact Limited (NYSE:G)

EULAV Asset Management bought a new position in shares of Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 180,000 shares of the business services provider's stock, valued at approximately $9,068,000. EULAV Asset Management owned 0.10% of Genpact at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in G. Coppell Advisory Solutions LLC lifted its position in Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after acquiring an additional 503 shares during the last quarter. Atlas Capital Advisors Inc. lifted its holdings in Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GeoWealth Management LLC lifted its holdings in Genpact by 199.0% during the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after purchasing an additional 583 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock worth $41,000 after buying an additional 783 shares in the last quarter. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Genpact during the first quarter worth $57,000. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on G shares. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Genpact in a research note on Monday, June 30th. Mizuho lifted their price objective on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $50.14.

Genpact Stock Up 2.1%

Shares of G opened at $45.92 on Monday. Genpact Limited has a one year low of $30.38 and a one year high of $56.76. The company has a market cap of $8.03 billion, a P/E ratio of 15.67, a P/E/G ratio of 2.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a 50 day simple moving average of $44.31 and a two-hundred day simple moving average of $46.99.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. Genpact's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. Research analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Wednesday, June 18th. Genpact's dividend payout ratio is 23.21%.

Insider Activity

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of Genpact stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $87,940. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company's stock.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.

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