Advisory Research Inc. acquired a new position in shares of Genpact Limited (NYSE:G – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,644 shares of the business services provider’s stock, valued at approximately $823,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Genpact by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after purchasing an additional 319,861 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Genpact by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock worth $157,609,000 after purchasing an additional 549,117 shares during the period. Geode Capital Management LLC raised its position in shares of Genpact by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock valued at $160,480,000 after buying an additional 90,541 shares in the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of Genpact by 13.6% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 2,936,194 shares of the business services provider’s stock worth $122,997,000 after acquiring an additional 351,871 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Genpact by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,584,606 shares of the business services provider’s stock worth $108,269,000 after acquiring an additional 82,918 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Genpact Stock Down 1.3%
Shares of Genpact stock opened at $38.23 on Friday. Genpact Limited has a one year low of $34.79 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50-day moving average is $42.08 and its 200 day moving average is $42.91. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.14 and a beta of 0.75.
Genpact Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.1875 per share. The ex-dividend date is Monday, March 16th. This is a positive change from Genpact’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a yield of 2.0%. Genpact’s dividend payout ratio is currently 21.73%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Susquehanna set a $42.00 price objective on Genpact in a research report on Friday, February 6th. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Genpact in a research report on Friday, December 26th. Mizuho cut their price objective on Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Needham & Company LLC reduced their price objective on Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Genpact presently has an average rating of “Hold” and a consensus price target of $47.29.
Get Our Latest Research Report on G
Insider Buying and Selling at Genpact
In related news, CEO Balkrishan Kalra sold 2,800 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total value of $114,156.00. Following the completion of the sale, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at approximately $21,404,535.39. This represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the transaction, the senior vice president directly owned 95,521 shares in the company, valued at $4,456,054.65. This represents a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,904 shares of company stock valued at $1,565,158. Corporate insiders own 3.07% of the company’s stock.
Genpact 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.
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