Sawyer & Company Inc Purchases New Stake in Genpact Limited $G

Sawyer & Company Inc acquired a new position in shares of Genpact Limited (NYSE:G) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,361 shares of the business services provider’s stock, valued at approximately $955,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in Genpact in the 3rd quarter valued at $27,000. WPG Advisers LLC raised its holdings in shares of Genpact by 74.6% during the 1st quarter. WPG Advisers LLC now owns 1,037 shares of the business services provider’s stock worth $39,000 after acquiring an additional 443 shares during the period. Basecamp Wealth Advisors LLC raised its holdings in shares of Genpact by 54.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock worth $39,000 after acquiring an additional 370 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Genpact by 57.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider’s stock worth $44,000 after acquiring an additional 487 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in shares of Genpact by 22.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,692 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on G shares. Needham & Company LLC dropped their price objective on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. Weiss Ratings raised shares of Genpact from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Genpact from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Finally, Susquehanna boosted their target price on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Genpact currently has a consensus 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 dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.58% of the stock is owned by insiders.

Genpact Trading Up 0.9%

Genpact stock traded up $0.34 during mid-day trading on Wednesday, hitting $39.04. The company’s stock had a trading volume of 788,157 shares, compared to its average volume of 2,404,178. The stock’s fifty day moving average is $35.40 and its two-hundred day moving average is $33.50. 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 firm has a market capitalization of $6.53 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.00 and a beta of 0.57. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64.

Genpact (NYSE:G) last announced 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 return on equity of 23.34% and a net margin of 11.04%. On average, analysts anticipate that Genpact Limited will post 3.66 EPS for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.75 dividend on an annualized basis and a yield of 1.9%. Genpact’s dividend payout ratio is presently 22.26%.

About Genpact

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.