Caprock Group LLC Purchases 25,759 Shares of Genpact Limited $G

Caprock Group LLC raised its position in shares of Genpact Limited (NYSE:G) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,260 shares of the business services provider’s stock after acquiring an additional 25,759 shares during the period. Caprock Group LLC’s holdings in Genpact were worth $3,755,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of G. AQR Capital Management LLC boosted its holdings in Genpact by 170.4% during the third quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock valued at $144,247,000 after acquiring an additional 2,170,145 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of Genpact by 157.9% in the third quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock valued at $78,091,000 after buying an additional 1,141,480 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Genpact by 153.6% in the third quarter. Allianz Asset Management GmbH now owns 1,597,446 shares of the business services provider’s stock valued at $66,917,000 after buying an additional 967,559 shares during the period. Invesco Ltd. lifted its stake in shares of Genpact by 52.9% in the third quarter. Invesco Ltd. now owns 2,145,762 shares of the business services provider’s stock valued at $89,886,000 after buying an additional 742,470 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Genpact by 4,370.1% in the third quarter. Pacer Advisors Inc. now owns 627,777 shares of the business services provider’s stock valued at $26,298,000 after buying an additional 613,733 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Performance

NYSE:G opened at $34.48 on Friday. Genpact Limited has a 1 year low of $33.92 and a 1 year high of $50.41. The firm has a 50 day moving average of $37.91 and a 200-day moving average of $41.65. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.85 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

Genpact (NYSE:G) last posted its earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Genpact’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Genpact Limited will post 3.6 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a $0.1875 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.2%. Genpact’s payout ratio is 23.96%.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the completion of the transaction, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on G shares. Mizuho reduced their target price on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC reduced their target price on shares of Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Citigroup upgraded shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Finally, Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Genpact currently has a consensus rating of “Hold” and an average target price of $47.29.

About Genpact

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.