WINTON GROUP Ltd Buys 31,213 Shares of Genpact Limited $G

WINTON GROUP Ltd lifted its stake in Genpact Limited (NYSE:G) by 178.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,666 shares of the business services provider’s stock after buying an additional 31,213 shares during the period. WINTON GROUP Ltd’s holdings in Genpact were worth $1,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of G. Osbon Capital Management LLC acquired a new stake in Genpact in the 4th quarter valued at $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 position in shares of Genpact during the third quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of Genpact by 428.4% during 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 period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $33,000. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna upped their target price on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Robert W. Baird cut their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup raised their price objective on shares of Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.33.

Insider Buying and Selling

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the 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 transaction, the senior vice president directly owned 70,253 shares in the company, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.58% of the company’s stock.

Genpact Trading Up 2.1%

Shares of NYSE G opened at $35.14 on Friday. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The company has a 50-day moving average of $34.09 and a two-hundred day moving average of $34.29. The company has a market cap of $5.90 billion, a PE ratio of 10.43, a P/E/G ratio of 0.93 and a beta of 0.58. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44.

Genpact (NYSE:G) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The business 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%. As a group, equities analysts expect that Genpact Limited will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.1%. Genpact’s dividend payout ratio is currently 22.26%.

About Genpact

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.