Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Genpact Limited (NYSE:G – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,507 shares of the business services provider’s stock, valued at approximately $566,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of G. Private Trust Co. NA grew its position in Genpact by 364.2% in the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock worth $27,000 after acquiring an additional 499 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Genpact in the third quarter worth $27,000. Westside Investment Management Inc. increased its holdings in shares of Genpact by 193.5% during the 3rd 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 during the period. Shell Asset Management Co. bought a new position in Genpact during the third quarter valued at about $33,000. Finally, Huntington National Bank raised its holdings in Genpact by 208.2% in the 2nd quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
Genpact Stock Down 3.5%
NYSE G opened at $37.55 on Tuesday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.74. Genpact Limited has a 52 week low of $34.79 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.51 and a current ratio of 1.66. The stock has a fifty day moving average of $44.16 and a 200-day moving average of $43.29.
Genpact Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis 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 of this dividend is Monday, March 16th. Genpact’s payout ratio is presently 21.73%.
Analyst Upgrades and Downgrades
G has been the topic of a number of research reports. Wall Street Zen upgraded Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Citigroup upgraded shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Susquehanna set a $42.00 price objective on shares of Genpact in a research note on Friday, February 6th. Mizuho reduced their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.29.
View Our Latest Research Report on G
Insider Activity at Genpact
In other Genpact news, SVP Riju Vashisht sold 16,016 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $747,146.40. Following the transaction, the senior vice president directly owned 95,521 shares of the company’s stock, valued at approximately $4,456,054.65. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sameer Dewan sold 15,088 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total transaction of $703,855.20. Following the sale, the senior vice president owned 37,749 shares of the company’s stock, valued at $1,760,990.85. The trade was a 28.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.
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.
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