Genpact Limited $G Stock Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Genpact Limited (NYSE:G) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,234 shares of the business services provider’s stock after purchasing an additional 23,974 shares during the quarter. ProShare Advisors LLC’s holdings in Genpact were worth $8,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. grew its stake in Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in Genpact in the third quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the third quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new position in Genpact in the fourth quarter valued at about $30,000. Finally, Shell Asset Management Co. purchased a new position in Genpact in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the transaction, the chief executive officer owned 525,007 shares of the company’s stock, valued at approximately $21,404,535.39. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.58% of the company’s stock.

Genpact Price Performance

NYSE G opened at $32.02 on Friday. Genpact Limited has a twelve month low of $28.78 and a twelve month high of $48.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $5.43 billion, a PE ratio of 9.82, a P/E/G ratio of 0.91 and a beta of 0.61. The stock has a 50-day simple moving average of $35.43 and a 200 day simple moving average of $40.77.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion during the quarter. Research analysts anticipate that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

G has been the topic of a number of recent research reports. Mizuho lowered their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Finally, Citigroup decreased their price target on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.29.

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.