Dupont Capital Management Corp Acquires 7,172 Shares of Genpact Limited (NYSE:G)

Dupont Capital Management Corp boosted its position in Genpact Limited (NYSE:G – Get Rating) by 199.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,776 shares of the business services provider’s stock after acquiring an additional 7,172 shares during the quarter. Dupont Capital Management Corp’s holdings in Genpact were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its stake in Genpact by 25.9% in the second quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 210 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Genpact by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 13,568 shares of the business services provider’s stock valued at $575,000 after acquiring an additional 220 shares during the last quarter. CWM LLC increased its stake in Genpact by 22.2% in the second quarter. CWM LLC now owns 1,255 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 228 shares during the last quarter. Securian Asset Management Inc. increased its stake in Genpact by 1.6% in the second quarter. Securian Asset Management Inc. now owns 15,528 shares of the business services provider’s stock valued at $658,000 after acquiring an additional 239 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its stake in Genpact by 2.0% in the second quarter. Strengthening Families & Communities LLC now owns 12,373 shares of the business services provider’s stock valued at $538,000 after acquiring an additional 241 shares during the last quarter. 95.17% of the stock is owned by institutional investors.

Insider Transactions at Genpact

In other news, CEO N. V. Tyagarajan sold 50,000 shares of Genpact stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $48.24, for a total transaction of $2,412,000.00. Following the transaction, the chief executive officer now owns 644,377 shares in the company, valued at $31,084,746.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO N. V. Tyagarajan sold 50,000 shares of Genpact stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $48.24, for a total transaction of $2,412,000.00. Following the completion of the transaction, the chief executive officer now owns 644,377 shares of the company’s stock, valued at $31,084,746.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Heather White sold 5,225 shares of Genpact stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $46.72, for a total transaction of $244,112.00. Following the transaction, the senior vice president now directly owns 20,933 shares of the company’s stock, valued at approximately $977,989.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 312,928 shares of company stock worth $14,455,797. Company insiders own 2.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 14th. Citigroup cut their target price on shares of Genpact from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th. BMO Capital Markets cut their target price on shares of Genpact from $57.00 to $51.00 and set a “market perform” rating on the stock in a research report on Thursday, November 10th. Robert W. Baird cut their target price on shares of Genpact from $56.00 to $54.00 in a research report on Thursday, November 10th. Finally, JPMorgan Chase & Co. lowered shares of Genpact from an “overweight” rating to a “neutral” rating and cut their target price for the company from $55.00 to $50.00 in a research report on Thursday, December 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.43.

Genpact Price Performance

Shares of NYSE:G opened at $47.72 on Friday. The firm has a market cap of $8.75 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The firm’s fifty day moving average is $45.45 and its 200-day moving average is $45.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. Genpact Limited has a 52 week low of $37.68 and a 52 week high of $51.97.

Genpact Profile

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Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.