BlueCrest Capital Management Ltd Has $489,000 Holdings in Genpact Limited (NYSE:G)

BlueCrest Capital Management Ltd trimmed its position in Genpact Limited (NYSE:G) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,397 shares of the business services provider’s stock after selling 5,306 shares during the period. BlueCrest Capital Management Ltd’s holdings in Genpact were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Genpact by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,772,040 shares of the business services provider’s stock worth $405,384,000 after purchasing an additional 785,600 shares during the period. Brown Advisory Inc. grew its stake in Genpact by 2.0% in the third quarter. Brown Advisory Inc. now owns 12,598,190 shares of the business services provider’s stock worth $362,198,000 after purchasing an additional 247,088 shares during the period. Alliancebernstein L.P. boosted its holdings in Genpact by 10.4% in the fourth quarter. Alliancebernstein L.P. now owns 3,158,448 shares of the business services provider’s stock worth $100,249,000 after acquiring an additional 297,894 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Genpact by 7.7% in the fourth quarter. Pzena Investment Management LLC now owns 2,843,211 shares of the business services provider’s stock worth $90,243,000 after acquiring an additional 204,077 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in Genpact by 1.9% in the fourth quarter. Congress Asset Management Co. MA now owns 2,665,625 shares of the business services provider’s stock worth $84,607,000 after acquiring an additional 50,390 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Several equities research analysts have commented on the company. Citigroup dropped their target price on Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a report on Tuesday, February 13th. BMO Capital Markets boosted their target price on Genpact to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, February 13th. JPMorgan Chase dropped their target price on Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 target price on shares of Genpact in a report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Genpact from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.65.

Shares of NYSE:G traded down $0.87 during midday trading on Friday, reaching $31.34. 559,714 shares of the company’s stock traded hands, compared to its average volume of 681,390. The company has a market cap of $6,063.63, a P/E ratio of 21.03, a PEG ratio of 2.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.71. Genpact Limited has a one year low of $23.34 and a one year high of $34.79.

Genpact (NYSE:G) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $734.41 million for the quarter, compared to the consensus estimate of $723.55 million. Genpact had a return on equity of 22.75% and a net margin of 9.61%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. sell-side analysts anticipate that Genpact Limited will post 1.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Friday, March 9th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from Genpact’s previous quarterly dividend of $0.06. Genpact’s dividend payout ratio is 20.13%.

In related news, Director James C. Madden sold 4,270 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total transaction of $132,028.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arvinder Singh sold 22,690 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.95, for a total value of $770,325.50. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “BlueCrest Capital Management Ltd Has $489,000 Holdings in Genpact Limited (NYSE:G)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/08/bluecrest-capital-management-ltd-has-489000-stake-in-genpact-limited-g.html.

About Genpact

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.

Institutional Ownership by Quarter for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply