Genpact Limited $G Shares Acquired by CX Institutional

Key Points

• CX Institutional more than doubled its Genpact position in the third quarter, acquiring 182,960 additional shares to hold 361,074 shares valued at approximately $11.7 million. Institutional investors and hedge funds collectively own 96.03% of the company.
• Analyst sentiment remains cautious: Genpact has a consensus “Hold” rating from nine analysts, with an average price target of $39.33. Recent targets ranged from $31 to $43, including a “Buy” rating from TD Cowen.
• Genpact shares fell 4.0% to $33.30, while the company reported quarterly revenue of $1.34 billion and EPS of $1.00. Genpact also pays a quarterly dividend of $0.1875 per share, equivalent to a 2.3% annualized yield.

CX Institutional boosted its position in shares of Genpact Limited (NYSE:G - Free Report) by 102.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,074 shares of the business services provider's stock after buying an additional 182,960 shares during the period. CX Institutional owned approximately 0.21% of Genpact worth $11,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its holdings in shares of Genpact by 178.8% in the 2nd quarter. WINTON GROUP Ltd now owns 48,666 shares of the business services provider's stock valued at $1,338,000 after purchasing an additional 31,213 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Genpact by 135.5% during the 2nd quarter. Tidal Investments LLC now owns 57,011 shares of the business services provider's stock worth $1,568,000 after buying an additional 32,805 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Genpact by 42.9% in the second quarter. Engineers Gate Manager LP now owns 224,729 shares of the business services provider's stock valued at $6,180,000 after buying an additional 67,482 shares in the last quarter. Edgestream Partners L.P. grew its position in Genpact by 862.8% in 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 acquiring an additional 102,309 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Genpact during the second quarter worth about $1,452,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on G. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a report on Friday, July 10th. Robert W. Baird decreased their target price on shares of Genpact from $45.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 7th. Citigroup increased their price target on Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. TD Cowen boosted their price objective on Genpact from $42.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Susquehanna increased their target price on Genpact from $33.00 to $37.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Two 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.com, Genpact has a consensus rating of "Hold" and a consensus target price of $39.33.

Genpact Trading Down 4.0%

NYSE G traded down $1.40 on Friday, reaching $33.30. The company had a trading volume of 1,814,398 shares, compared to its average volume of 2,458,524. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.87 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The business has a 50 day moving average of $35.22 and a two-hundred day moving average of $33.72.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS 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. Analysts forecast that Genpact Limited will post 3.66 EPS for the current year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.3%. Genpact's dividend payout ratio (DPR) is presently 22.26%.

Insider Activity at Genpact

In other news, SVP Anil Nanduru sold 6,191 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the sale, the senior vice president directly owned 70,253 shares of the company's stock, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.58% of the company's stock.

About Genpact

Genpact Ltd. NYSE: G is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.

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