D. E. Shaw & Co. Inc. Raises Holdings in Genpact Limited (NYSE:G)

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D. E. Shaw & Co. Inc. increased its position in Genpact Limited (NYSE:G) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,431,295 shares of the business services provider’s stock after buying an additional 9,744 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Genpact were worth $130,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in Genpact in the second quarter valued at about $31,000. Bremer Bank National Association purchased a new position in Genpact in the first quarter valued at about $38,000. Captrust Financial Advisors raised its position in Genpact by 109.8% in the second quarter. Captrust Financial Advisors now owns 1,072 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 561 shares during the period. New York State Teachers Retirement System purchased a new position in Genpact in the first quarter valued at about $77,000. Finally, Capital Bank & Trust Co purchased a new position in Genpact in the second quarter valued at about $78,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

G has been the topic of several research reports. Bank of America raised their price objective on Genpact from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Deutsche Bank raised their target price on Genpact from $36.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised their target price on Genpact from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Zacks Investment Research upgraded Genpact from a “sell” rating to a “hold” rating and set a $43.00 target price for the company in a research note on Thursday, September 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 target price (up from $44.00) on shares of Genpact in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.70.

In related news, major shareholder Bain Capital Investors Llc sold 10,621,804 shares of Genpact stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $40.51, for a total value of $430,289,280.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Balkrishan Kalra sold 10,000 shares of Genpact stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $40.97, for a total value of $409,700.00. Following the completion of the transaction, the senior vice president now owns 164,016 shares of the company’s stock, valued at $6,719,735.52. The disclosure for this sale can be found here. Insiders sold 12,580,720 shares of company stock valued at $509,578,468 over the last quarter. Insiders own 1.86% of the company’s stock.

Shares of Genpact stock traded down $0.77 during trading hours on Friday, hitting $38.95. 1,591,526 shares of the company’s stock traded hands, compared to its average volume of 1,012,939. The stock has a 50 day simple moving average of $40.36 and a 200-day simple moving average of $37.46. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.78. The company has a market cap of $7.55 billion, a PE ratio of 24.34, a PEG ratio of 2.10 and a beta of 0.83. Genpact Limited has a twelve month low of $25.48 and a twelve month high of $44.55.

Genpact (NYSE:G) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $882.79 million during the quarter, compared to the consensus estimate of $824.84 million. Genpact had a return on equity of 21.87% and a net margin of 8.77%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. As a group, equities research analysts predict that Genpact Limited will post 1.69 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Wednesday, September 11th were paid a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.34 dividend on an annualized basis and a yield of 0.87%. Genpact’s dividend payout ratio (DPR) is 21.25%.

Genpact Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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