Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Genpact Limited (NYSE:G – Free Report) by 269.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,541 shares of the business services provider’s stock after acquiring an additional 26,651 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Genpact were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Private Trust Co. NA increased its holdings in shares of Genpact by 364.2% during the 3rd 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 during the last quarter. Quent Capital LLC bought a new position in Genpact during the third quarter worth $27,000. Huntington National Bank increased its holdings in shares of Genpact by 208.2% in 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Genpact by 104.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 922 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 472 shares during the period. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Genpact by 7,653.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,163 shares of the business services provider’s stock worth $49,000 after buying an additional 1,148 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Genpact
In other Genpact news, SVP Riju Vashisht sold 16,016 shares of the company’s 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Franklin sold 2,750 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total value of $125,537.50. Following the completion of the sale, the director directly owned 22,236 shares in the company, valued at approximately $1,015,073.40. This represents a 11.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 60,385 shares of company stock valued at $2,762,475. Company insiders own 3.07% of the company’s stock.
Genpact Price Performance
Genpact (NYSE:G – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. Genpact had a return on equity of 22.55% and a net margin of 11.01%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Genpact’s revenue for the quarter was up 6.6% compared to the same quarter last year. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS and its Q4 2025 guidance at 0.930-0.940 EPS. As a group, equities analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on G shares. Citigroup upgraded shares of Genpact to a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Susquehanna initiated coverage on Genpact in a research note on Friday, December 12th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.50.
Check Out Our Latest Research Report on Genpact
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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