13,452 Shares in Genpact Limited $G Bought by Leuthold Group LLC

Leuthold Group LLC bought a new position in Genpact Limited (NYSE:G) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,452 shares of the business services provider’s stock, valued at approximately $438,000.

A number of other large investors have also added to or reduced their stakes in G. Dimensional Fund Advisors LP raised its stake in Genpact by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider’s stock valued at $208,965,000 after buying an additional 598,877 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Genpact by 10.9% in the 3rd quarter. Pzena Investment Management LLC now owns 3,682,880 shares of the business services provider’s stock worth $119,804,000 after buying an additional 363,334 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Genpact by 10.2% in the first quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider’s stock worth $89,996,000 after acquiring an additional 222,899 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of Genpact in the first quarter worth $30,037,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Genpact by 40.7% in the first quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock worth $28,504,000 after acquiring an additional 221,536 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings raised Genpact from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. JPMorgan Chase & Co. raised their target price on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Susquehanna boosted their price target on Genpact from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Finally, Needham & Company LLC raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.89.

Insider Buying and Selling

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 transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares in the company, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.58% of the company’s stock.

Genpact Stock Performance

NYSE:G opened at $43.07 on Wednesday. The stock has a 50-day simple moving average of $36.72 and a two-hundred day simple moving average of $35.50. Genpact Limited has a 52-week low of $26.85 and a 52-week high of $48.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 1.95. The firm has a market capitalization of $7.20 billion, a PE ratio of 12.56, a P/E/G ratio of 1.13 and a beta of 0.53.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Genpact had a return on equity of 23.02% and a net margin of 11.04%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts forecast that Genpact Limited will post 3.66 EPS for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Thursday, December 10th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 10th. Genpact’s dividend payout ratio is currently 21.87%.

Genpact Profile

Genpact is a global professional services company that helps businesses improve operations and pursue digital transformation. Its services include business process management, consulting, data and analytics, artificial intelligence, and technology implementation. The company works with clients across industries such as banking and financial services, insurance, consumer goods, healthcare, life sciences, manufacturing, and technology. It serves organizations around the world through its global operations.