Janus Capital Management LLC reduced its stake in Genpact Limited (NYSE:G) by 93.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,600 shares of the business services provider’s stock after selling 211,704 shares during the period. Janus Capital Management LLC’s holdings in Genpact Limited were worth $361,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Genpact Limited during the first quarter valued at approximately $110,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock worth $123,000 after buying an additional 1,480 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after buying an additional 2,403 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Genpact Limited during the first quarter worth $168,000. Finally, Sawtooth Solutions LLC purchased a new stake in shares of Genpact Limited during the first quarter worth $220,000. 94.08% of the stock is owned by institutional investors.
Genpact Limited (NYSE G) opened at 29.32 on Friday. The company’s 50-day moving average is $28.45 and its 200 day moving average is $25.94. Genpact Limited has a 1-year low of $22.58 and a 1-year high of $31.93. The firm has a market capitalization of $5.65 billion, a PE ratio of 22.15 and a beta of 0.50.
Genpact Limited (NYSE:G) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. During the same period in the previous year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Genpact Limited will post $1.56 EPS for the current fiscal year.
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A number of analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $33.00 price objective on shares of Genpact Limited in a research note on Wednesday. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday. Cowen and Company restated an “outperform” rating and issued a $33.00 price objective (up from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. BMO Capital Markets boosted their price objective on shares of Genpact Limited from $26.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Genpact Limited currently has an average rating of “Buy” and a consensus price target of $30.67.
In other Genpact Limited news, insider Mohit Thukral sold 27,228 shares of Genpact Limited stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now directly owns 68,845 shares of the company’s stock, valued at $1,873,272.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.55% of the company’s stock.
Genpact Limited Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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