Vulcan Value Partners LLC Reduces Stock Position in Genpact Limited $G

Vulcan Value Partners LLC lowered its stake in shares of Genpact Limited (NYSE:G) by 26.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 521,587 shares of the business services provider’s stock after selling 188,726 shares during the quarter. Genpact accounts for 0.4% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 28th largest position. Vulcan Value Partners LLC’s holdings in Genpact were worth $14,344,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of G. Osbon Capital Management LLC purchased a new stake in shares of Genpact in the fourth quarter valued at about $25,000. iSAM Funds UK Ltd acquired a new position in Genpact in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Genpact in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in shares of Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Genpact during the 4th quarter worth approximately $33,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a research note on Friday, July 10th. Citigroup raised their price objective on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Mizuho decreased their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Finally, TD Cowen lifted their price target on shares of Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.33.

Genpact Trading Down 5.3%

G traded down $1.97 during mid-day trading on Tuesday, hitting $35.35. 2,829,911 shares of the stock were exchanged, compared to its average volume of 2,516,732. The firm’s fifty day moving average is $33.58 and its two-hundred day moving average is $34.37. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.94 billion, a PE ratio of 10.49, a PEG ratio of 0.99 and a beta of 0.58.

Genpact (NYSE:G) last released its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The company had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Equities analysts forecast that Genpact Limited will post 3.66 earnings per share 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 issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. Genpact’s dividend payout ratio is 22.26%.

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.