Campbell & CO Investment Adviser LLC boosted its position in Genpact Limited (NYSE:G – Free Report) by 45.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,053 shares of the business services provider’s stock after buying an additional 15,418 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Genpact were worth $2,055,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA increased its position in Genpact by 364.2% in the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock worth $27,000 after buying an additional 499 shares during the period. Quent Capital LLC acquired a new position in Genpact in the third quarter worth approximately $27,000. Steph & Co. purchased a new stake in Genpact during the second quarter valued at about $37,000. Huntington National Bank boosted its stake in Genpact by 208.2% in the 2nd quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock worth $40,000 after purchasing an additional 612 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Genpact by 104.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 922 shares of the business services provider’s stock worth $41,000 after acquiring an additional 472 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Genpact Trading Down 0.6%
Shares of G opened at $45.92 on Friday. Genpact Limited has a 1 year low of $37.49 and a 1 year high of $56.76. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $43.94. The stock has a market cap of $7.92 billion, a PE ratio of 14.81, a PEG ratio of 1.37 and a beta of 0.75.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on G. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a report on Friday, December 26th. Citigroup raised Genpact to a “hold” rating in a research report on Thursday, October 23rd. Finally, Susquehanna started coverage on Genpact in a research report on Friday, December 12th. They set a “neutral” rating and a $50.00 price objective for the company. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.
Insider Activity at Genpact
In related news, Director Tamara Franklin sold 2,750 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total transaction of $125,537.50. Following the transaction, the director owned 22,236 shares in the company, valued at $1,015,073.40. This represents a 11.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Riju Vashisht sold 16,016 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total transaction of $747,146.40. Following the sale, the senior vice president directly owned 95,521 shares in the company, valued at $4,456,054.65. This trade represents a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 60,385 shares of company stock valued at $2,762,475 over the last ninety days. 3.07% of the stock is owned by insiders.
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.
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