Genpact Limited (G) Position Lowered by Janus Capital Management LLC

Janus Capital Management LLC decreased its position in Genpact Limited (NYSE:G) by 93.5% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in Genpact Limited by 1.2% in the first quarter. Fifth Third Bancorp now owns 9,976 shares of the business services provider’s stock valued at $247,000 after buying an additional 121 shares in the last quarter. Ngam Advisors L.P. raised its position in Genpact Limited by 0.6% in the first quarter. Ngam Advisors L.P. now owns 38,866 shares of the business services provider’s stock valued at $962,000 after buying an additional 242 shares in the last quarter. Genesee Valley Trust Co. raised its position in Genpact Limited by 3.0% in the first quarter. Genesee Valley Trust Co. now owns 13,947 shares of the business services provider’s stock valued at $345,000 after buying an additional 405 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Genpact Limited by 3.0% in the first quarter. Envestnet Asset Management Inc. now owns 34,564 shares of the business services provider’s stock valued at $855,000 after buying an additional 994 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Genpact Limited by 1.2% in the first quarter. Bank of Montreal Can now owns 117,378 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 1,379 shares in the last quarter. 92.25% of the stock is owned by institutional investors and hedge funds.

Genpact Limited (NYSE G) traded down 0.18% during mid-day trading on Friday, reaching $28.49. The company had a trading volume of 759,852 shares. The stock has a 50 day moving average price of $28.57 and a 200 day moving average price of $26.09. The company has a market capitalization of $5.50 billion, a P/E ratio of 21.52 and a beta of 0.50. Genpact Limited has a one year low of $22.58 and a one year high of $31.93.

Genpact Limited (NYSE:G) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $670.70 million during the quarter, compared to analyst estimates of $642.68 million. During the same quarter last year, the business posted $0.36 EPS. Genpact Limited’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Genpact Limited will post $1.56 earnings per share for the current fiscal year.

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G has been the topic of a number of research reports. Cowen and Company restated an “outperform” rating and issued a $33.00 price target (up from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Wedbush initiated coverage on Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price target on the stock. Zacks Investment Research upgraded Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, August 8th. BMO Capital Markets boosted their price target on Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their price target on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.14.

In other news, insider Mohit Thukral sold 27,228 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 68,845 shares in the company, valued at approximately $1,873,272.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Private Ltd Gic sold 1,501,126 shares of Genpact Limited stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $43,112,338.72. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

About Genpact Limited

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.

Institutional Ownership by Quarter for Genpact Limited (NYSE:G)

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