Wedmont Private Capital Makes New $533,000 Investment in Genpact Limited $G

Wedmont Private Capital acquired a new position in Genpact Limited (NYSE:G) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,156 shares of the business services provider’s stock, valued at approximately $533,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Genpact by 19.7% in the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after acquiring an additional 20,043 shares in the last quarter. Amundi purchased a new position in Genpact during the first quarter valued at approximately $58,000. Goldman Sachs Group Inc. lifted its holdings in Genpact by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock valued at $17,788,000 after purchasing an additional 60,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Genpact by 12.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock worth $25,776,000 after purchasing an additional 56,557 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Genpact by 10.3% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock worth $263,000 after purchasing an additional 488 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is currently owned by insiders.

Genpact Stock Performance

NYSE G opened at $34.37 on Friday. 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 Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The business has a 50 day simple moving average of $33.97 and a two-hundred day simple moving average of $34.29. The stock has a market capitalization of $5.77 billion, a PE ratio of 10.20, a P/E/G ratio of 0.93 and a beta of 0.58.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (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, research analysts predict that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 10th. Genpact’s payout ratio is currently 22.26%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on G. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Susquehanna boosted their price target on Genpact from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Robert W. Baird cut their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.33.

About Genpact

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.