Arrowstreet Capital Limited Partnership Has $19.50 Million Stake in Genpact Limited (G)

Arrowstreet Capital Limited Partnership decreased its position in Genpact Limited (NYSE:G) by 37.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 700,631 shares of the business services provider’s stock after selling 423,606 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.36% of Genpact Limited worth $19,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of G. YorkBridge Wealth Partners LLC grew its holdings in Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after acquiring an additional 189 shares during the last quarter. SG Americas Securities LLC bought a new stake in Genpact Limited during the 1st quarter worth about $110,000. Acrospire Investment Management LLC grew its holdings in Genpact Limited by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after acquiring an additional 3,419 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after acquiring an additional 2,403 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Genpact Limited by 1.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after acquiring an additional 94 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genpact Limited (NYSE G) traded down 0.27% on Wednesday, hitting $29.23. 38,406 shares of the stock traded hands. The stock has a market cap of $5.64 billion, a PE ratio of 22.08 and a beta of 0.53. The stock has a 50 day moving average of $28.49 and a 200-day moving average of $27.20. Genpact Limited has a 1-year low of $22.62 and a 1-year high of $31.93.

Genpact Limited (NYSE:G) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million for the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. On average, equities research analysts expect that Genpact Limited will post $1.56 EPS for the current year.

The company also recently declared a special dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were issued a dividend of $0.06 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. Genpact Limited’s dividend payout ratio (DPR) is currently 18.05%.

A number of brokerages have commented on G. Cowen and Company set a $33.00 price objective on shares of Genpact Limited and gave the stock a “buy” rating in a report on Tuesday, August 15th. Robert W. Baird reissued an “outperform” rating and set a $36.00 price objective (up previously from $34.00) on shares of Genpact Limited in a report on Tuesday. Zacks Investment Research raised shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, August 8th. BidaskClub lowered shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Wedbush reissued an “outperform” rating and set a $33.00 price objective on shares of Genpact Limited in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Genpact Limited currently has a consensus rating of “Buy” and a consensus target price of $32.38.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/arrowstreet-capital-limited-partnership-has-19-50-million-stake-in-genpact-limited-g.html.

In related news, insider Private Ltd Gic sold 1,501,126 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $43,112,338.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the completion of the sale, the insider now owns 85,305 shares in the company, valued at $2,420,102.85. The disclosure for this sale can be found

Several other institutional investors and hedge funds have also recently bought and sold shares of G. YorkBridge Wealth Partners LLC grew its holdings in Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after acquiring an additional 189 shares during the last quarter. SG Americas Securities LLC bought a new stake in Genpact Limited during the 1st quarter worth about $110,000. Acrospire Investment Management LLC grew its holdings in Genpact Limited by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after acquiring an additional 3,419 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after acquiring an additional 2,403 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Genpact Limited by 1.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock worth $141,000 after acquiring an additional 94 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genpact Limited (NYSE G) traded down 0.27% on Wednesday, hitting $29.23. 38,406 shares of the stock traded hands. The stock has a market cap of $5.64 billion, a PE ratio of 22.08 and a beta of 0.53. The stock has a 50 day moving average of $28.49 and a 200-day moving average of $27.20. Genpact Limited has a 1-year low of $22.62 and a 1-year high of $31.93.

Genpact Limited (NYSE:G) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million for the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. On average, equities research analysts expect that Genpact Limited will post $1.56 EPS for the current year.

The company also recently declared a special dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were issued a dividend of $0.06 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 7th. Genpact Limited’s dividend payout ratio (DPR) is currently 18.05%.

A number of brokerages have commented on G. Cowen and Company set a $33.00 price objective on shares of Genpact Limited and gave the stock a “buy” rating in a report on Tuesday, August 15th. Robert W. Baird reissued an “outperform” rating and set a $36.00 price objective (up previously from $34.00) on shares of Genpact Limited in a report on Tuesday. Zacks Investment Research raised shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, August 8th. BidaskClub lowered shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Wedbush reissued an “outperform” rating and set a $33.00 price objective on shares of Genpact Limited in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Genpact Limited currently has a consensus rating of “Buy” and a consensus target price of $32.38.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/arrowstreet-capital-limited-partnership-has-19-50-million-stake-in-genpact-limited-g.html.

In related news, insider Private Ltd Gic sold 1,501,126 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $43,112,338.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the completion of the sale, the insider now owns 85,305 shares in the company, valued at $2,420,102.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,358,442 shares of company stock worth $297,475,276. Company insiders own 1.55% of the company’s stock.

Genpact Limited Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

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Institutional Ownership by Quarter for Genpact Limited (NYSE:G)

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