Wellington Management Group LLP Has $1.56 Million Stock Holdings in Genpact Limited $G

Wellington Management Group LLP increased its holdings in shares of Genpact Limited (NYSE:G) by 270.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,883 shares of the business services provider’s stock after purchasing an additional 41,538 shares during the quarter. Wellington Management Group LLP’s holdings in Genpact were worth $1,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of G. Osbon Capital Management LLC bought a new position in Genpact in the fourth quarter valued at approximately $25,000. iSAM Funds UK Ltd bought a new stake in shares of Genpact during the third quarter worth $29,000. Johnson Financial Group Inc. bought a new stake in shares of Genpact during the third quarter worth $29,000. Larson Financial Group LLC increased its position in shares of Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after acquiring an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Genpact during the fourth quarter worth $33,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Performance

Shares of G stock opened at $35.14 on Friday. Genpact Limited has a 12 month low of $26.85 and a 12 month high of $48.64. The company’s fifty day simple moving average is $34.09 and its 200-day simple moving average is $34.29. The firm has a market cap of $5.90 billion, a PE ratio of 10.43, a P/E/G ratio of 0.92 and a beta of 0.58. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44.

Genpact (NYSE:G) last released its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The business had revenue of $1.34 billion during the quarter. Equities research analysts expect that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.1%. Genpact’s dividend payout ratio (DPR) is presently 22.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Robert W. Baird lowered their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Susquehanna lifted their price target on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average price target of $39.33.

Insider Buying and Selling at Genpact

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

About Genpact

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.