Gallacher Capital Management LLC Invests $589,000 in Genpact Limited $G

Gallacher Capital Management LLC purchased a new stake in Genpact Limited (NYSE:G) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 14,049 shares of the business services provider’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OneAscent Investment Solutions LLC raised its stake in shares of Genpact by 3.7% in the third quarter. OneAscent Investment Solutions LLC now owns 7,770 shares of the business services provider’s stock worth $325,000 after purchasing an additional 280 shares during the last quarter. JLB & Associates Inc. grew its holdings in Genpact by 0.8% during the third quarter. JLB & Associates Inc. now owns 37,646 shares of the business services provider’s stock worth $1,577,000 after buying an additional 292 shares in the last quarter. Global X Japan Co. Ltd. raised its position in Genpact by 33.0% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,190 shares of the business services provider’s stock valued at $50,000 after buying an additional 295 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Genpact by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the business services provider’s stock valued at $1,994,000 after acquiring an additional 300 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its holdings in Genpact by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 20,524 shares of the business services provider’s stock worth $903,000 after acquiring an additional 336 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on G. Weiss Ratings reiterated a “hold (c+)” rating on shares of Genpact in a report on Friday, December 26th. Susquehanna assumed coverage on shares of Genpact in a research note on Friday, December 12th. They issued a “neutral” rating and a $50.00 price objective for the company. Citigroup upgraded Genpact to a “hold” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Genpact currently has an average rating of “Hold” and an average price target of $50.50.

Genpact Stock Down 1.6%

G opened at $38.35 on Thursday. Genpact Limited has a twelve month low of $37.49 and a twelve month high of $56.76. The company’s 50-day moving average price is $46.12 and its two-hundred day moving average price is $43.83. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.15 and a beta of 0.74. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.33.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. Genpact had a net margin of 11.01% and a return on equity of 22.55%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. Genpact’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tamara Franklin sold 2,750 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $45.65, for a total transaction of $125,537.50. Following the completion of the transaction, the director owned 22,236 shares in the company, valued at approximately $1,015,073.40. This represents a 11.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sameer Dewan sold 15,088 shares of Genpact stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the sale, the senior vice president directly owned 37,749 shares of the company’s stock, valued at approximately $1,760,990.85. This trade represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,385 shares of company stock valued at $2,762,475 over the last ninety days. 3.07% of the stock is currently owned by insiders.

Genpact Company 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.