Genpact Limited $G Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its stake in shares of Genpact Limited (NYSE:G) by 72.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,125 shares of the business services provider’s stock after selling 188,421 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Genpact were worth $3,063,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of G. OneAscent Investment Solutions LLC grew its stake in shares of Genpact by 3.7% during the 3rd 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 period. JLB & Associates Inc. boosted 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. boosted its holdings in Genpact by 33.0% during the third quarter. Global X Japan Co. Ltd. now owns 1,190 shares of the business services provider’s stock worth $50,000 after buying an additional 295 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Genpact by 28.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider’s stock valued at $58,000 after buying an additional 302 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in Genpact by 0.6% during the third quarter. Johnson Investment Counsel Inc. now owns 54,138 shares of the business services provider’s stock valued at $2,268,000 after buying an additional 311 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total value of $114,156.00. Following the transaction, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders sold 33,904 shares of company stock valued at $1,565,158 over the last quarter. 1.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on G. Susquehanna set a $42.00 price objective on shares of Genpact in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a research report on Friday, December 26th. Citigroup upgraded Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Mizuho dropped their price objective on Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Genpact has an average rating of “Hold” and an average price target of $47.29.

Genpact Stock Performance

G opened at $36.56 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.10 and a beta of 0.75. Genpact Limited has a 52-week low of $34.79 and a 52-week high of $50.82. The firm’s fifty day simple moving average is $40.11 and its two-hundred day simple moving average is $42.37.

Genpact (NYSE:G) last released its earnings results on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.1875 per share. This is an increase from Genpact’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, March 16th. This represents a $0.75 annualized dividend and a yield of 2.1%. Genpact’s dividend payout ratio (DPR) is presently 23.96%.

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.