Logan Capital Management Inc. Has $905,000 Stake in Genpact Limited (NYSE:G)

Logan Capital Management Inc. raised its position in Genpact Limited (NYSE:GFree Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,069 shares of the business services provider’s stock after acquiring an additional 1,298 shares during the quarter. Logan Capital Management Inc.’s holdings in Genpact were worth $905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in Genpact by 290.8% during the 4th quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider’s stock valued at $106,602,000 after purchasing an additional 2,285,310 shares during the last quarter. Norges Bank acquired a new position in Genpact in the 4th quarter valued at about $68,683,000. FMR LLC raised its holdings in Genpact by 8.1% in the 3rd quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock valued at $638,738,000 after acquiring an additional 1,327,435 shares during the period. Truist Financial Corp lifted its position in Genpact by 162.9% during the fourth quarter. Truist Financial Corp now owns 921,160 shares of the business services provider’s stock worth $31,973,000 after acquiring an additional 570,760 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Genpact by 18.1% during the third quarter. Westfield Capital Management Co. LP now owns 2,948,433 shares of the business services provider’s stock worth $106,733,000 after acquiring an additional 452,612 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and set a $35.00 price target on shares of Genpact in a report on Friday, May 10th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, May 10th. Citigroup cut their price objective on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. StockNews.com cut Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Finally, BMO Capital Markets decreased their target price on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Read Our Latest Stock Report on Genpact

Genpact Stock Performance

Shares of G stock opened at $32.88 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.54 and a quick ratio of 1.54. Genpact Limited has a one year low of $29.41 and a one year high of $39.75. The business’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $33.84. The stock has a market capitalization of $5.92 billion, a PE ratio of 9.39, a PEG ratio of 1.56 and a beta of 1.12.

Genpact (NYSE:GGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Genpact had a net margin of 14.21% and a return on equity of 22.71%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, research analysts forecast that Genpact Limited will post 2.7 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.153 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 dividend on an annualized basis and a yield of 1.86%. Genpact’s dividend payout ratio (DPR) is presently 17.43%.

Insiders Place Their Bets

In related news, Director N. V. Tyagarajan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $33.17, for a total value of $33,170.00. Following the sale, the director now owns 7,300 shares in the company, valued at approximately $242,141. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Genpact Profile

(Free Report)

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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