Fiduciary Management Inc. WI reduced its position in Genpact Limited (NYSE:G) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,749,445 shares of the business services provider’s stock after selling 509,137 shares during the quarter. Genpact makes up approximately 0.8% of Fiduciary Management Inc. WI’s portfolio, making the stock its 29th biggest position. Fiduciary Management Inc. WI owned 2.46% of Genpact worth $136,547,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its stake in Genpact by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Genpact by 569.8% in the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Genpact in the third quarter valued at approximately $128,000. Bronfman E.L. Rothschild L.P. lifted its stake in Genpact by 1.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after buying an additional 94 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Genpact by 59.8% in the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after buying an additional 1,878 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
Genpact Limited (NYSE:G) traded down $0.09 during trading hours on Wednesday, reaching $32.16. The company’s stock had a trading volume of 1,607,600 shares, compared to its average volume of 1,039,239. The stock has a market capitalization of $6,225.62, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. Genpact Limited has a 1 year low of $23.34 and a 1 year high of $32.51.
Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The firm had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. Genpact had a return on equity of 23.86% and a net margin of 10.18%. Genpact’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. sell-side analysts anticipate that Genpact Limited will post 1.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 8th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, December 7th. Genpact’s payout ratio is 17.39%.
G has been the subject of several analyst reports. Zacks Investment Research upgraded Genpact from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, August 8th. Robert W. Baird restated an “outperform” rating and set a $36.00 price target (up previously from $34.00) on shares of Genpact in a research note on Tuesday, October 10th. SunTrust Banks restated a “buy” rating and set a $34.00 price target on shares of Genpact in a research note on Monday, October 9th. BMO Capital Markets restated a “hold” rating on shares of Genpact in a research note on Friday, October 6th. Finally, Wedbush restated an “outperform” rating and set a $33.00 price target on shares of Genpact in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.38.
In other Genpact news, SVP Piyush Mehta sold 12,500 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $32.00, for a total value of $400,000.00. Following the sale, the senior vice president now owns 77,944 shares of the company’s stock, valued at $2,494,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total value of $45,384,129.56. The disclosure for this sale can be found here. Insiders sold 1,575,051 shares of company stock valued at $47,739,747 in the last quarter. 1.41% of the stock is currently owned by company insiders.
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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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