Squarepoint Ops LLC Has $12.31 Million Stock Holdings in Genpact Limited $G

Squarepoint Ops LLC lifted its position in shares of Genpact Limited (NYSE:G) by 3.5% during the 2nd quarter, Holdings Channel reports. The firm owned 447,669 shares of the business services provider’s stock after purchasing an additional 15,062 shares during the quarter. Squarepoint Ops LLC’s holdings in Genpact were worth $12,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Osbon Capital Management LLC acquired a new stake in Genpact in the 4th quarter valued at about $25,000. iSAM Funds UK Ltd acquired a new position in Genpact during the third quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new stake in Genpact in the third quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Genpact in the fourth quarter valued at approximately $33,000. 96.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is currently owned by corporate insiders.

Genpact Stock Performance

NYSE:G opened at $34.85 on Thursday. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.94 and a beta of 0.58. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a fifty day moving average price of $33.87 and a 200-day moving average price of $34.32.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The company had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. As a group, equities analysts anticipate that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio is presently 22.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on G. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a research note on Friday, July 10th. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Robert W. Baird reduced their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Finally, Citigroup lifted their price objective on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.33.

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.