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

WINTON GROUP Ltd raised its holdings in shares of Genpact Limited (NYSE:G) by 178.8% during the second quarter, HoldingsChannel.com reports. The firm owned 48,666 shares of the business services provider’s stock after acquiring an additional 31,213 shares during the quarter. WINTON GROUP Ltd’s holdings in Genpact were worth $1,338,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Osbon Capital Management LLC acquired 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 in the third quarter valued at approximately $29,000. Johnson Financial Group Inc. acquired a new position in Genpact in the third quarter valued at approximately $29,000. Larson Financial Group LLC lifted its holdings 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 buying an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Genpact in the fourth quarter valued at approximately $33,000. Institutional investors own 96.03% of the company’s stock.

Insider Activity

In other news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction dated 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 directly owned 70,253 shares in the company, valued at $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.58% of the stock is owned by corporate insiders.

Genpact Stock Performance

Shares of G opened at $35.14 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The firm’s 50 day moving average price is $34.09 and its two-hundred day moving average price is $34.29. The firm has a market cap of $5.90 billion, a P/E ratio of 10.43, a PEG ratio of 0.93 and a beta of 0.58.

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

Genpact Announces Dividend

The company 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. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio is 22.26%.

Analyst Upgrades and Downgrades

A number of research firms have commented on G. BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 target price on shares of Genpact in a report on Friday, August 7th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a research report on Friday, July 10th. Robert W. Baird decreased their price objective on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Finally, Susquehanna upped their price objective on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.33.

Genpact Profile

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.