Birch Capital Management LLC Has $2.44 Million Stock Holdings in Genpact Limited $G

Birch Capital Management LLC lowered its stake in Genpact Limited (NYSE:G) by 21.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,631 shares of the business services provider’s stock after selling 23,767 shares during the quarter. Genpact makes up approximately 1.2% of Birch Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Birch Capital Management LLC’s holdings in Genpact were worth $2,437,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Osbon Capital Management LLC bought a new stake in shares of Genpact during the 4th quarter worth approximately $25,000. iSAM Funds UK Ltd acquired a new position in Genpact during the third quarter worth $29,000. Johnson Financial Group Inc. bought a new stake in Genpact during the third quarter worth $29,000. Larson Financial Group LLC lifted its stake in Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Genpact in the 4th quarter valued at about $33,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Down 0.7%

G stock opened at $37.70 on Wednesday. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64. The business has a 50-day simple moving average of $32.83 and a 200 day simple moving average of $34.36. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $6.33 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.01 and a beta of 0.57.

Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Sell-side analysts anticipate that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.0%. Genpact’s dividend payout ratio is presently 22.26%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the sale, the senior vice president owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho cut their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Susquehanna lifted their price objective on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price objective on shares of Genpact in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.33.

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.