Bull Harbor Capital LLC Invests $753,000 in Genpact Limited $G

Bull Harbor Capital LLC purchased a new stake in shares of Genpact Limited (NYSE:G) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 20,212 shares of the business services provider’s stock, valued at approximately $753,000.

Several other large investors have also recently added to or reduced their stakes in the company. Nalanda India Equity Fund Ltd lifted its position in shares of Genpact by 8.0% in the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after buying an additional 1,015,556 shares during the last quarter. AQR Capital Management LLC raised its stake in Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after acquiring an additional 3,131,643 shares during the period. Dimensional Fund Advisors LP raised its stake in Genpact by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock worth $208,965,000 after acquiring an additional 598,877 shares during the period. FIL Ltd lifted its holdings in Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after acquiring an additional 2,562,484 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Genpact by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after acquiring an additional 107,870 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on G shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Robert W. Baird reduced their price objective on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. TD Cowen lowered their price objective on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Susquehanna cut their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Genpact has a consensus rating of “Hold” and a consensus price target of $40.25.

Genpact Stock Performance

G stock opened at $35.40 on Friday. The company has a 50-day simple moving average of $30.83 and a 200 day simple moving average of $35.61. The company has a market capitalization of $6.00 billion, a P/E ratio of 10.86, a PEG ratio of 1.04 and a beta of 0.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64.

Genpact (NYSE:G) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The firm had revenue of $1.30 billion for the quarter. Sell-side analysts predict that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 dividend yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is currently 23.01%.

About Genpact

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.