Trexquant Investment LP acquired a new position in shares of Genpact Limited (NYSE:G) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,490 shares of the business services provider’s stock, valued at approximately $249,000.
Several other hedge funds have also recently bought and sold shares of G. Profund Advisors LLC bought a new stake in Genpact during the second quarter worth about $480,000. Shelton Capital Management bought a new stake in Genpact during the second quarter worth about $441,000. AlphaCrest Capital Management LLC raised its holdings in Genpact by 64.8% during the second quarter. AlphaCrest Capital Management LLC now owns 35,413 shares of the business services provider’s stock worth $1,609,000 after acquiring an additional 13,922 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Genpact by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,660,894 shares of the business services provider’s stock worth $75,454,000 after acquiring an additional 35,727 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Genpact by 66.6% during the second quarter. SG Americas Securities LLC now owns 221,884 shares of the business services provider’s stock worth $10,080,000 after acquiring an additional 88,704 shares in the last quarter. 96.95% of the stock is owned by institutional investors.
Several research firms recently issued reports on G. JPMorgan Chase & Co. upped their target price on Genpact from $55.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. Needham & Company LLC upped their target price on Genpact from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $52.00.
NYSE:G opened at $48.20 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $50.13 and its two-hundred day moving average price is $47.42. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.58 and a beta of 1.42. Genpact Limited has a 12-month low of $33.91 and a 12-month high of $52.75.
Genpact (NYSE:G) last released its quarterly earnings data on Thursday, August 5th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $988.13 million for the quarter, compared to analyst estimates of $965.21 million. Genpact had a return on equity of 24.34% and a net margin of 9.28%. Equities research analysts expect that Genpact Limited will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 24th. Stockholders of record on Friday, September 10th were given a $0.108 dividend. This represents a $0.43 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, September 9th. Genpact’s payout ratio is 23.24%.
Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).
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