Janus Henderson Group PLC Invests $3.19 Million in Genpact Limited (NYSE:G)

Janus Henderson Group PLC acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 74,300 shares of the business services provider's stock, valued at approximately $3,192,000.

Other hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC grew its holdings in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after buying an additional 503 shares during the last quarter. SRH Advisors LLC acquired a new position in shares of Genpact during the fourth quarter valued at about $26,000. Atlas Capital Advisors Inc. grew its holdings in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after buying an additional 216 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Genpact by 199.0% during the fourth 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. Finally, Manchester Capital Management LLC purchased a new position in Genpact during the fourth quarter worth about $38,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on G. Needham & Company LLC cut their price target on shares of Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Mizuho boosted their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Robert W. Baird cut their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $50.71.

Insider Activity

In other Genpact news, Director Nicholas C. Gangestad purchased 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $87,940. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.07% of the company's stock.

Genpact Stock Performance

G traded down $0.02 during midday trading on Friday, reaching $43.50. The company had a trading volume of 945,783 shares, compared to its average volume of 1,369,261. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The stock has a market cap of $7.61 billion, a PE ratio of 15.32, a P/E/G ratio of 1.84 and a beta of 1.02. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76. The business has a 50-day moving average price of $47.42 and a two-hundred day moving average price of $47.40.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Profile

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.