Genpact Limited (G) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its stake in Genpact Limited (NYSE:G) by 116.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,432 shares of the business services provider’s stock after acquiring an additional 41,695 shares during the period. First Trust Advisors LP’s holdings in Genpact Limited were worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Genpact Limited during the first quarter worth approximately $19,870,000. AQR Capital Management LLC raised its stake in shares of Genpact Limited by 6.0% during the first quarter. AQR Capital Management LLC now owns 1,983,274 shares of the business services provider’s stock worth $49,106,000 after buying an additional 112,723 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Genpact Limited by 85.3% during 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. Montag & Caldwell LLC raised its stake in shares of Genpact Limited by 31.5% during the first quarter. Montag & Caldwell LLC now owns 32,950 shares of the business services provider’s stock worth $816,000 after buying an additional 7,884 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Genpact Limited by 108.4% during the first quarter. UBS Group AG now owns 28,743 shares of the business services provider’s stock worth $712,000 after buying an additional 14,951 shares during the last quarter. 92.16% of the stock is owned by institutional investors.

Shares of Genpact Limited (G) opened at 27.97 on Monday. The company has a market cap of $5.40 billion, a P/E ratio of 21.13 and a beta of 0.50. Genpact Limited has a 52 week low of $22.58 and a 52 week high of $31.93. The firm has a 50-day moving average of $28.75 and a 200 day moving average of $26.47.

Genpact Limited (NYSE:G) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $642.68 million. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Genpact Limited will post $1.56 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s payout ratio is 18.05%.

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In other Genpact Limited news, insider Mohit Thukral sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the transaction, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of Genpact Limited stock in a transaction on Friday, August 18th. The shares were sold at an average price of $28.72, for a total transaction of $244,087,661.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,358,442 shares of company stock valued at $297,475,276. Company insiders own 1.55% of the company’s stock.

G has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Deutsche Bank AG boosted their price target 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. Finally, BMO Capital Markets boosted their price target 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.14.

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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