Jag Capital Management LLC acquired a new position in shares of Genpact Limited (NYSE:G) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 360,119 shares of the business services provider’s stock, valued at approximately $11,430,000. Genpact accounts for about 2.1% of Jag Capital Management LLC’s holdings, making the stock its 23rd biggest position. Jag Capital Management LLC owned 0.19% of Genpact at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of Genpact by 70.2% during the third quarter. Ameriprise Financial Inc. now owns 51,396 shares of the business services provider’s stock worth $1,478,000 after purchasing an additional 21,200 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Genpact by 97.9% during the second quarter. Voya Investment Management LLC now owns 112,834 shares of the business services provider’s stock worth $3,140,000 after purchasing an additional 55,809 shares in the last quarter. Marathon Asset Management LLP lifted its position in shares of Genpact by 27.7% during the third quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock worth $39,002,000 after purchasing an additional 293,931 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Genpact by 213.4% during the fourth quarter. Bank of Montreal Can now owns 342,157 shares of the business services provider’s stock worth $10,860,000 after purchasing an additional 232,992 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Genpact by 454.5% during the third quarter. BNP Paribas Arbitrage SA now owns 25,319 shares of the business services provider’s stock worth $728,000 after purchasing an additional 20,753 shares in the last quarter. Institutional investors own 92.00% of the company’s stock.
Several research firms recently issued reports on G. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 price target on shares of Genpact in a report on Wednesday, November 8th. Citigroup cut their price target on shares of Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Genpact in a report on Friday, November 10th. Finally, BMO Capital Markets upped their price target on shares of Genpact to $35.00 and gave the company a “market perform” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Genpact has a consensus rating of “Buy” and a consensus target price of $34.65.
Shares of Genpact Limited (G) traded up $0.51 during trading hours on Wednesday, hitting $30.83. 1,015,551 shares of the company’s stock were exchanged, compared to its average volume of 861,725. The firm has a market capitalization of $6,235.27, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Genpact Limited has a 52 week low of $23.34 and a 52 week high of $34.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77.
Genpact (NYSE:G) last issued its earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $734.41 million for the quarter, compared to analysts’ expectations of $723.55 million. Genpact had a net margin of 9.61% and a return on equity of 23.53%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. sell-side analysts predict that Genpact Limited will post 1.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, March 9th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. Genpact’s dividend payout ratio is 17.91%.
In other news, insider N. V. Tyagarajan sold 77,619 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $32.23, for a total transaction of $2,501,660.37. Following the completion of the transaction, the insider now owns 244,755 shares in the company, valued at $7,888,453.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. Insiders have sold 1,660,470 shares of company stock worth $50,598,982 over the last three months. 1.41% of the stock is owned by corporate insiders.
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Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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