Wright Investors Service Inc. Acquires 14,904 Shares of Genpact Limited $G

Wright Investors Service Inc. lifted its position in shares of Genpact Limited (NYSE:G) by 158.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,285 shares of the business services provider’s stock after purchasing an additional 14,904 shares during the quarter. Wright Investors Service Inc.’s holdings in Genpact were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Genpact by 36.3% during the 3rd quarter. Principal Financial Group Inc. now owns 497,105 shares of the business services provider’s stock worth $20,824,000 after purchasing an additional 132,310 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Genpact by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock worth $157,609,000 after purchasing an additional 549,117 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Genpact by 64.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 533,566 shares of the business services provider’s stock worth $22,351,000 after purchasing an additional 208,762 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Genpact by 27.5% during the 3rd quarter. ProShare Advisors LLC now owns 153,260 shares of the business services provider’s stock worth $6,420,000 after purchasing an additional 33,056 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Genpact by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after purchasing an additional 319,861 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

G has been the topic of several recent analyst reports. Susquehanna set a $42.00 price target on Genpact in a research note on Friday, February 6th. Citigroup raised Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Mizuho decreased their price target on Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.29.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 525,007 shares in the company, valued at $21,404,535.39. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.58% of the stock is currently owned by insiders.

Genpact Trading Up 1.0%

G stock opened at $36.59 on Friday. The company has a market cap of $6.21 billion, a P/E ratio of 11.69, a PEG ratio of 1.07 and a beta of 0.74. Genpact Limited has a twelve month low of $33.92 and a twelve month high of $50.41. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $38.13 and a 200-day moving average of $41.84.

Genpact (NYSE:G) last released its earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, equities research analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.1875 per share. The ex-dividend date was Monday, March 16th. This is an increase from Genpact’s previous quarterly dividend of $0.17. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.0%. Genpact’s dividend payout ratio is presently 23.96%.

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.