Genpact Limited $G Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S decreased its position in shares of Genpact Limited (NYSE:G) by 38.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,868 shares of the business services provider’s stock after selling 22,640 shares during the period. C WorldWide Group Holding A S’s holdings in Genpact were worth $1,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new position in shares of Genpact in the fourth quarter valued at approximately $25,000. iSAM Funds UK Ltd purchased a new stake in Genpact during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new stake in Genpact during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC lifted its holdings in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Genpact in the 4th quarter valued at approximately $33,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.58% of the company’s stock.

Genpact Stock Down 5.3%

Shares of NYSE G opened at $35.35 on Wednesday. The business has a 50-day moving average of $33.74 and a two-hundred day moving average of $34.35. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00.

Genpact (NYSE:G) last released its quarterly earnings data 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 forecast that Genpact Limited will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact’s payout ratio is currently 22.26%.

Analyst Ratings Changes

G has been the topic of a number of recent research reports. TD Cowen upped their price objective on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Citigroup increased their price target on Genpact from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Susquehanna upped their target price on shares of Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, August 7th. Two 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, the stock presently has an average rating of “Hold” and an average price target of $39.33.

Genpact Company Profile

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.