Two Sigma Advisers LP grew its holdings in shares of Genpact Limited (NYSE:G) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,935 shares of the business services provider’s stock after buying an additional 22,400 shares during the period. Two Sigma Advisers LP’s holdings in Genpact were worth $15,005,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Bremer Trust National Association bought a new position in shares of Genpact during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its holdings in shares of Genpact by 108.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,887 shares of the business services provider’s stock worth $120,000 after buying an additional 2,026 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of Genpact by 19.5% during the fourth quarter. Sit Investment Associates Inc. now owns 5,675 shares of the business services provider’s stock worth $153,000 after purchasing an additional 925 shares during the period. First Hawaiian Bank raised its position in Genpact by 67.0% in the 4th quarter. First Hawaiian Bank now owns 5,968 shares of the business services provider’s stock valued at $161,000 after buying an additional 2,395 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Genpact in the 4th quarter valued at $162,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.
Shares of NYSE:G opened at $34.26 on Tuesday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. Genpact Limited has a 1 year low of $25.48 and a 1 year high of $34.68.
Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $835.34 million during the quarter, compared to the consensus estimate of $810.98 million. Genpact had a return on equity of 23.24% and a net margin of 9.40%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, equities analysts forecast that Genpact Limited will post 1.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Genpact’s previous quarterly dividend of $0.08. Genpact’s dividend payout ratio is 21.25%.
A number of equities research analysts recently commented on G shares. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price target on shares of Genpact in a research report on Sunday, March 3rd. Bank of America raised Genpact from an “underperform” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, February 6th. Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. raised Genpact from an “underweight” rating to a “neutral” rating and increased their price target for the company from $30.00 to $32.00 in a research report on Monday, December 17th. Finally, Wells Fargo & Co raised Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price target for the company in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Genpact presently has a consensus rating of “Buy” and an average price target of $33.97.
In other Genpact news, CFO Edward J. Fitzpatrick sold 50,213 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $33.03, for a total value of $1,658,535.39. Following the completion of the transaction, the chief financial officer now owns 137,923 shares in the company, valued at approximately $4,555,596.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cogny sold 9,943 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $33.36, for a total value of $331,698.48. The disclosure for this sale can be found here. Insiders sold a total of 1,605,440 shares of company stock valued at $51,820,019 in the last 90 days. Corporate insiders own 1.88% of the company’s stock.
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Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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