GAMMA Investing LLC Acquires 4,561 Shares of Genpact Limited (NYSE:G)

GAMMA Investing LLC grew its stake in Genpact Limited (NYSE:G) by 88.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,744 shares of the business services provider’s stock after purchasing an additional 4,561 shares during the quarter. GAMMA Investing LLC’s holdings in Genpact were worth $491,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Genpact in the fourth quarter valued at approximately $90,516,000. Victory Capital Management Inc. raised its holdings in Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock valued at $423,205,000 after acquiring an additional 1,511,790 shares during the period. Lord Abbett & CO. LLC bought a new stake in Genpact during the 4th quarter valued at $60,110,000. Millennium Management LLC raised its stake in shares of Genpact by 829.4% during the 4th quarter. Millennium Management LLC now owns 1,057,389 shares of the business services provider’s stock valued at $45,415,000 after purchasing an additional 943,622 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Genpact by 847.8% during the 4th quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider’s stock valued at $15,228,000 after purchasing an additional 401,962 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 2.2%

Shares of G opened at $44.97 on Wednesday. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.66 and a beta of 0.94. The business’s 50 day simple moving average is $44.44 and its 200-day simple moving average is $46.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76.

Genpact (NYSE:G) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, June 18th. Genpact’s payout ratio is 23.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on G shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Genpact in a research note on Monday. Mizuho increased their price objective on Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen upgraded Genpact from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Robert W. Baird reduced their price target on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.14.

Insider Activity

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

About Genpact

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.