Gradient Investments LLC Invests $15.57 Million in Genpact Limited (NYSE:G)

Gradient Investments LLC bought a new stake in shares of Genpact Limited (NYSE:GFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 414,315 shares of the business services provider’s stock, valued at approximately $15,566,000. Gradient Investments LLC owned approximately 0.23% of Genpact as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in G. Fred Alger Management LLC raised its holdings in Genpact by 136.7% in the fourth quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock worth $41,000 after purchasing an additional 507 shares in the last quarter. Clearstead Advisors LLC purchased a new position in Genpact during the 1st quarter valued at about $42,000. Ronald Blue Trust Inc. lifted its position in Genpact by 71.5% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,103 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 460 shares during the period. Belpointe Asset Management LLC bought a new stake in Genpact during the fourth quarter worth about $52,000. Finally, State of Wyoming purchased a new stake in Genpact in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 96.33% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the topic of several recent research reports. BMO Capital Markets cut their price target on Genpact from $46.00 to $41.00 and set a “market perform” rating on the stock in a research note on Thursday, August 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Genpact from $48.00 to $37.00 in a report on Thursday, August 10th. TheStreet cut shares of Genpact from a “b-” rating to a “c+” rating in a research note on Friday, June 9th. began coverage on shares of Genpact in a research note on Thursday, August 17th. They set a “buy” rating for the company. Finally, Wedbush reiterated a “neutral” rating and issued a $45.00 target price on shares of Genpact in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus target price of $42.13.

View Our Latest Stock Analysis on Genpact

Insiders Place Their Bets

In other news, CEO N. V. Tyagarajan sold 1,700 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $35.89, for a total transaction of $61,013.00. Following the completion of the sale, the chief executive officer now owns 8,300 shares of the company’s stock, valued at approximately $297,887. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.62% of the company’s stock.

Genpact Price Performance

Shares of G opened at $36.98 on Friday. The firm has a market cap of $6.71 billion, a PE ratio of 16.89, a P/E/G ratio of 1.42 and a beta of 1.18. Genpact Limited has a 1-year low of $35.31 and a 1-year high of $48.85. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $37.20 and a two-hundred day simple moving average of $39.95.

Genpact (NYSE:GGet Free Report) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Genpact had a return on equity of 25.06% and a net margin of 9.25%. On average, equities analysts anticipate that Genpact Limited will post 2.57 EPS for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.55 dividend on an annualized basis and a yield of 1.49%. Genpact’s dividend payout ratio is currently 25.11%.

Genpact Company Profile

(Free Report)

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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