Causeway Capital Management LLC raised its stake in Genpact Limited (NYSE:G – Free Report) by 31.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,878,432 shares of the business services provider’s stock after acquiring an additional 447,261 shares during the period. Genpact makes up 1.0% of Causeway Capital Management LLC’s portfolio, making the stock its 19th largest holding. Causeway Capital Management LLC owned approximately 1.09% of Genpact worth $78,687,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Private Trust Co. NA grew its position in shares of Genpact by 364.2% during the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 499 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Genpact in the third quarter worth about $27,000. Westside Investment Management Inc. lifted its position in shares of Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Shell Asset Management Co. bought a new position in Genpact during the third quarter valued at approximately $33,000. Finally, Huntington National Bank boosted its stake in Genpact by 208.2% during the second quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock valued at $40,000 after buying an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
Genpact Price Performance
Genpact stock opened at $40.90 on Tuesday. Genpact Limited has a 12-month low of $34.79 and a 12-month high of $51.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $42.57 and a 200-day moving average price of $43.02. The firm has a market capitalization of $6.95 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.23 and a beta of 0.75.
Genpact Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.1875 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Genpact’s previous quarterly dividend of $0.17. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.8%. Genpact’s dividend payout ratio (DPR) is presently 21.73%.
Wall Street Analysts Forecast Growth
G has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Needham & Company LLC lowered their target price on Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Mizuho reduced their price target on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Finally, Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.29.
View Our Latest Stock Report on G
Insider Activity at Genpact
In other Genpact news, SVP Sameer Dewan sold 15,088 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the sale, the senior vice president directly owned 37,749 shares in the company, valued at approximately $1,760,990.85. This represents a 28.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Riju Vashisht sold 16,016 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $747,146.40. Following the transaction, the senior vice president directly owned 95,521 shares in the company, valued at $4,456,054.65. The trade was a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,904 shares of company stock worth $1,565,158. Company insiders own 2.80% of the company’s stock.
Genpact 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.
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