SG Americas Securities LLC Buys 23,502 Shares of Genpact Limited $G

SG Americas Securities LLC boosted its holdings in Genpact Limited (NYSE:G) by 79.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,156 shares of the business services provider’s stock after acquiring an additional 23,502 shares during the quarter. SG Americas Securities LLC’s holdings in Genpact were worth $2,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its position in Genpact by 364.2% during the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after buying an additional 499 shares during the period. Quent Capital LLC bought a new stake in Genpact during the third quarter valued at about $27,000. Westside Investment Management Inc. grew its position in shares of Genpact by 193.5% during the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after purchasing an additional 447 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Genpact during the third quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in Genpact in the 3rd quarter worth $29,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 0.1%

Shares of G opened at $37.72 on Friday. The firm has a market cap of $6.40 billion, a P/E ratio of 12.05, a PEG ratio of 1.11 and a beta of 0.74. Genpact Limited has a 12 month low of $34.79 and a 12 month high of $50.41. The stock’s 50 day moving average is $39.29 and its two-hundred day moving average is $42.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46.

Genpact (NYSE:G) last announced its earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company posted $0.91 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. This is a positive change from Genpact’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 16th. Genpact’s dividend payout ratio (DPR) is 23.96%.

Insider Transactions at Genpact

In related news, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $747,146.40. Following the sale, the senior vice president directly owned 95,521 shares in the company, valued at approximately $4,456,054.65. The trade was a 14.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Sameer Dewan sold 15,088 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $703,855.20. Following the sale, the senior vice president owned 37,749 shares of the company’s stock, valued at approximately $1,760,990.85. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,904 shares of company stock valued at $1,565,158 over the last 90 days. Corporate insiders own 1.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on G shares. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Susquehanna set a $42.00 price objective on shares of Genpact in a research note on Friday, February 6th. Finally, Mizuho dropped their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average price target of $47.29.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.