Genpact Limited $G Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in Genpact Limited (NYSE:G) by 42.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 97,220 shares of the business services provider’s stock after acquiring an additional 28,800 shares during the period. Hillsdale Investment Management Inc.’s holdings in Genpact were worth $4,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in G. AQR Capital Management LLC increased its holdings in shares of Genpact by 170.4% during the 3rd quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock worth $144,247,000 after buying an additional 2,170,145 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in Genpact by 157.9% in the 3rd quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock valued at $78,091,000 after purchasing an additional 1,141,480 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Genpact by 153.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,597,446 shares of the business services provider’s stock valued at $66,917,000 after purchasing an additional 967,559 shares in the last quarter. Invesco Ltd. increased its holdings in Genpact by 52.9% in the 3rd quarter. Invesco Ltd. now owns 2,145,762 shares of the business services provider’s stock valued at $89,886,000 after purchasing an additional 742,470 shares in the last quarter. Finally, UBS Group AG increased its holdings in Genpact by 140.5% in the 3rd quarter. UBS Group AG now owns 1,007,358 shares of the business services provider’s stock valued at $42,198,000 after purchasing an additional 588,449 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the sale, the chief executive officer directly owned 525,007 shares in the company, valued at approximately $21,404,535.39. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.58% of the company’s stock.

Genpact Price Performance

NYSE G opened at $32.98 on Friday. Genpact Limited has a 12 month low of $28.78 and a 12 month high of $48.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $5.59 billion, a PE ratio of 10.12, a P/E/G ratio of 0.93 and a beta of 0.61. The company’s 50 day simple moving average is $34.68 and its 200 day simple moving average is $40.44.

Genpact (NYSE:G) last posted its quarterly earnings data 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 business had revenue of $1.30 billion for the quarter. As a group, equities research analysts forecast that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on G shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. Mizuho reduced their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna reduced their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Citigroup dropped their price objective on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Robert W. Baird dropped their price objective on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.29.

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.