Coppell Advisory Solutions LLC Trims Stake in Genpact Limited $G

Coppell Advisory Solutions LLC lowered its position in Genpact Limited (NYSE:G) by 60.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,669 shares of the business services provider’s stock after selling 25,628 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Genpact were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after buying an additional 3,131,643 shares during the period. FIL Ltd increased its stake in Genpact by 114.4% in the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after acquiring an additional 2,562,484 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Genpact by 26.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after acquiring an additional 1,032,554 shares during the last quarter. Nalanda India Equity Fund Ltd raised its holdings in shares of Genpact by 8.0% in the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock valued at $641,003,000 after acquiring an additional 1,015,556 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Genpact by 1,531.9% in the 4th quarter. Millennium Management LLC now owns 1,046,671 shares of the business services provider’s stock valued at $48,963,000 after acquiring an additional 982,532 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on G shares. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Citigroup raised their target price on shares of Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. lifted their target price 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. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research note on Friday, July 10th. Finally, Robert W. Baird decreased their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genpact has an average rating of “Hold” and a consensus price target of $39.33.

Genpact Trading Up 1.5%

NYSE G opened at $38.04 on Friday. 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 stock’s 50-day simple moving average is $33.22 and its two-hundred day simple moving average is $34.38. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.00 and a beta of 0.58.

Genpact (NYSE:G) last posted 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 during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Research analysts forecast that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

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 paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.0%. Genpact’s dividend payout ratio is currently 22.26%.

Insider Transactions at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.58% of the stock is currently owned by corporate insiders.

About Genpact

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.