Fiduciary Management Inc. WI Lowers Stake in Genpact Limited (G)
Fiduciary Management Inc. WI reduced its position in Genpact Limited (NYSE:G) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,258,582 shares of the business services provider’s stock after selling 7,628 shares during the period. Fiduciary Management Inc. WI owned 2.73% of Genpact Limited worth $146,346,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its stake in shares of Genpact Limited by 0.3% during the second quarter. Alps Advisors Inc. now owns 20,129 shares of the business services provider’s stock worth $560,000 after purchasing an additional 52 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Genpact Limited by 1.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after purchasing an additional 94 shares during the period. Fifth Third Bancorp grew its stake in shares of Genpact Limited by 1.2% during the first quarter. Fifth Third Bancorp now owns 9,976 shares of the business services provider’s stock worth $247,000 after purchasing an additional 121 shares during the period. Sawtooth Solutions LLC grew its stake in shares of Genpact Limited by 1.9% during the second quarter. Sawtooth Solutions LLC now owns 9,034 shares of the business services provider’s stock worth $251,000 after purchasing an additional 165 shares during the period. Finally, Ngam Advisors L.P. grew its stake in shares of Genpact Limited by 0.6% during the first quarter. Ngam Advisors L.P. now owns 38,866 shares of the business services provider’s stock worth $962,000 after purchasing an additional 242 shares during the period. 92.16% of the stock is owned by institutional investors.
In other Genpact Limited news, Director Amit Chandra sold 275,508 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $28.72, for a total transaction of $7,912,589.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $244,087,661.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,358,442 shares of company stock valued at $297,475,276. Company insiders own 1.55% of the company’s stock.
Genpact Limited (G) traded up 0.07% on Friday, reaching $28.08. The company’s stock had a trading volume of 1,470,906 shares. The company has a market cap of $5.42 billion, a P/E ratio of 21.21 and a beta of 0.50. Genpact Limited has a 12 month low of $22.62 and a 12 month high of $31.93. The stock’s 50 day moving average price is $28.67 and its 200 day moving average price is $26.60.
Genpact Limited (NYSE:G) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The firm had revenue of $670.70 million during the quarter, compared to the consensus estimate of $642.68 million. During the same period last year, the business posted $0.36 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Genpact Limited will post $1.56 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s payout ratio is currently 18.05%.
G has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $32.00 price objective on shares of Genpact Limited in a research note on Wednesday. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub cut Genpact Limited from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. Cowen and Company set a $33.00 price objective on Genpact Limited and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG lifted their price objective on Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.86.
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About Genpact Limited
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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