C WorldWide Group Holding A S Has $2.46 Million Stake in Genpact Limited $G

C WorldWide Group Holding A S increased its stake in Genpact Limited (NYSE:G) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,967 shares of the business services provider’s stock after purchasing an additional 11,278 shares during the quarter. C WorldWide Group Holding A S’s holdings in Genpact were worth $2,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in G. Cornerstone Planning Group LLC bought a new stake in shares of Genpact during the first quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new stake in shares of Genpact during the first quarter valued at approximately $35,000. Steph & Co. bought a new stake in shares of Genpact during the second quarter valued at approximately $37,000. Huntington National Bank increased its position in shares of Genpact by 208.2% during the second quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 612 shares during the period. Finally, SVB Wealth LLC bought a new stake in Genpact in the first quarter valued at $41,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Performance

G opened at $38.84 on Thursday. Genpact Limited has a 12-month low of $37.49 and a 12-month high of $56.76. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.32 and a beta of 0.85. The business has a 50 day moving average of $41.28 and a 200-day moving average of $43.40. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Genpact’s dividend payout ratio (DPR) is presently 22.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Citigroup raised Genpact to a “hold” rating in a research note on Thursday, October 23rd. Needham & Company LLC upped their price target on Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.13.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 55,000 shares of Genpact stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the transaction, the chief executive officer directly owned 295,246 shares of the company’s stock, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of Genpact stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $42.58, for a total value of $3,274,487.16. Following the transaction, the senior vice president directly owned 134,880 shares in the company, valued at $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.07% of the company’s stock.

Genpact Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.