Tidal Investments LLC Boosts Stake in Genpact Limited $G

Key Points

• Tidal Investments increased its Genpact stake by 135.5% in the second quarter, bringing its holdings to 57,011 shares valued at approximately $1.57 million. Institutional investors collectively own 96.03% of Genpact’s stock.
• Analysts maintain a cautious outlook, with Genpact holding a consensus “Hold” rating and an average price target of $39.33. Recent targets range from $31 to $45.
• Genpact shares opened at $34.95, while the company reported quarterly revenue of $1.34 billion and EPS of $1.00. It also declared a quarterly dividend of $0.1875, representing a 2.1% annualized yield.

Tidal Investments LLC increased its stake in Genpact Limited (NYSE:G - Free Report) by 135.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,011 shares of the business services provider's stock after purchasing an additional 32,805 shares during the quarter. Tidal Investments LLC's holdings in Genpact were worth $1,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings 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 purchasing an additional 107,870 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Genpact by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider's stock worth $208,965,000 after buying an additional 598,877 shares during the period. Franklin Resources Inc. lifted its position in shares of Genpact by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 3,508,847 shares of the business services provider's stock valued at $164,144,000 after buying an additional 129,664 shares in the last quarter. LSV Asset Management lifted its position in shares of Genpact by 15.1% during the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider's stock valued at $115,435,000 after buying an additional 324,345 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Genpact by 10.2% during the 1st quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider's stock valued at $89,996,000 after acquiring an additional 222,899 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reduced their target price on shares of Genpact from $50.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research report on Friday, July 10th. BMO Capital Markets restated a "market perform" rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th. Finally, TD Cowen lifted their target price on shares of Genpact from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Hold" and an average target price of $39.33.

Genpact Stock Down 0.9%

NYSE G opened at $34.95 on Friday. Genpact Limited has a 12 month low of $26.85 and a 12 month high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock has a market cap of $5.87 billion, a PE ratio of 10.37, a P/E/G ratio of 0.94 and a beta of 0.58. The stock's 50 day moving average is $34.59 and its 200 day moving average is $34.18.

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

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact's payout ratio is currently 22.26%.

Insider Transactions at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the business'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 owned 70,253 shares in the company, valued at $2,601,468.59. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.58% of the company's stock.

Genpact 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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