Cwm LLC Has $7.30 Million Stock Holdings in Genpact Limited (NYSE:G)

Cwm LLC raised its holdings in Genpact Limited (NYSE:G) by 27.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,300 shares of the business services provider’s stock after acquiring an additional 40,460 shares during the quarter. Cwm LLC’s holdings in Genpact were worth $7,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Bank & Trust raised its position in shares of Genpact by 1.7% in the third quarter. First Bank & Trust now owns 18,954 shares of the business services provider’s stock valued at $734,000 after purchasing an additional 323 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Genpact by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 36,441 shares of the business services provider’s stock valued at $1,388,000 after purchasing an additional 369 shares during the period. OLD National Bancorp IN raised its position in shares of Genpact by 1.4% in the third quarter. OLD National Bancorp IN now owns 36,775 shares of the business services provider’s stock valued at $1,425,000 after purchasing an additional 512 shares during the period. Captrust Financial Advisors raised its position in shares of 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. Finally, United Capital Financial Advisers LLC raised its position in shares of Genpact by 9.7% in the second quarter. United Capital Financial Advisers LLC now owns 7,251 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 94.79% of the company’s stock.

A number of research firms have recently commented on G. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research report on Thursday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of Genpact in a research report on Thursday, August 8th. Bank of America lifted their price target on shares of Genpact from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. ValuEngine lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Cantor Fitzgerald lifted their price target on shares of Genpact from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.70.

Shares of G stock opened at $38.55 on Friday. Genpact Limited has a 1 year low of $25.48 and a 1 year high of $44.55. The firm’s fifty day simple moving average is $39.03 and its 200 day simple moving average is $38.17. The firm has a market capitalization of $7.25 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 2.02 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.78.

Genpact (NYSE:G) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The business had revenue of $882.79 million for the quarter, compared to analyst estimates of $824.84 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Genpact’s revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that Genpact Limited will post 1.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 9th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, December 6th. Genpact’s dividend payout ratio (DPR) is currently 21.25%.

In related news, Director David Humphrey sold 3,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $17.10, for a total transaction of $51,300.00. Following the transaction, the director now owns 4,500 shares of the company’s stock, valued at $76,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Balkrishan Kalra sold 10,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $40.97, for a total transaction of $409,700.00. Following the transaction, the senior vice president now directly owns 164,016 shares in the company, valued at approximately $6,719,735.52. The disclosure for this sale can be found here. Insiders have sold 12,580,720 shares of company stock worth $509,578,468 in the last ninety days. 1.86% of the stock is currently owned by insiders.

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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