British Airways Pensions Investment Management Ltd Takes Position in Genpact Limited (NYSE:G)

British Airways Pensions Investment Management Ltd acquired a new stake in shares of Genpact Limited (NYSE:G) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 203,598 shares of the business services provider’s stock, valued at approximately $7,889,000. British Airways Pensions Investment Management Ltd owned about 0.11% of Genpact at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in G. First Bank & Trust boosted its stake in Genpact by 1.7% during the third quarter. First Bank & Trust now owns 18,954 shares of the business services provider’s stock worth $734,000 after buying an additional 323 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Genpact by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 36,441 shares of the business services provider’s stock worth $1,388,000 after buying an additional 369 shares during the period. JLB & Associates Inc. boosted its stake in Genpact by 7.2% during the third quarter. JLB & Associates Inc. now owns 7,592 shares of the business services provider’s stock worth $294,000 after buying an additional 508 shares during the period. OLD National Bancorp IN boosted its stake in Genpact by 1.4% during the third quarter. OLD National Bancorp IN now owns 36,775 shares of the business services provider’s stock worth $1,425,000 after buying an additional 512 shares during the period. Finally, Squar Milner Financial Services LLC boosted its stake in Genpact by 370.1% during the third quarter. Squar Milner Financial Services LLC now owns 677 shares of the business services provider’s stock worth $26,000 after buying an additional 533 shares during the period. Hedge funds and other institutional investors own 94.98% of the company’s stock.

In related news, Director David Humphrey sold 3,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.10, for a total value of $51,300.00. Following the completion of the sale, the director now directly owns 4,500 shares of the company’s stock, valued at $76,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Private Ltd Gic sold 1,878,196 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $40.51, for a total transaction of $76,085,719.96. The disclosure for this sale can be found here. Insiders have sold 12,580,720 shares of company stock valued at $509,578,468 over the last three months. Insiders own 1.86% of the company’s stock.

Several research analysts have commented on G shares. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a research note on Thursday, September 12th. Deutsche Bank lifted their price objective on shares of Genpact from $36.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Bank of America lifted their price objective on shares of Genpact from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald lifted their price objective on shares of Genpact from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, ValuEngine lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Genpact presently has an average rating of “Hold” and a consensus target price of $40.18.

Shares of G traded down $1.12 during trading hours on Friday, reaching $39.27. 1,730,129 shares of the company traded hands, compared to its average volume of 885,813. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.10 and a beta of 0.79. Genpact Limited has a 12-month low of $25.48 and a 12-month high of $44.55. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average price is $38.72 and its 200 day moving average price is $38.41.

Genpact (NYSE:G) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. The firm had revenue of $888.80 million during the quarter, compared to analyst estimates of $884.91 million. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The business’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, research analysts forecast that Genpact Limited will post 1.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 6th. Genpact’s dividend payout ratio is currently 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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