363,334 Genpact Limited $G Shares Acquired by Pzena Investment Management LLC

Key Points

• Pzena Investment Management increased its Genpact stake 10.9%, buying 363,334 shares in the third quarter to hold 3,682,880 shares, valued at about $119.8 million.
• Institutional ownership stands at 96.03%, with several other large investors also increasing their holdings. A Genpact senior vice president sold 6,191 shares; insiders own 1.58% of the stock.
• Genpact reported quarterly EPS of $1.00 on $1.34 billion in revenue and declared a $0.1875 quarterly dividend. Analysts’ consensus rating is “Hold,” with an average price target of $39.67.

Pzena Investment Management LLC increased its stake in Genpact Limited (NYSE:G - Free Report) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,682,880 shares of the business services provider's stock after purchasing an additional 363,334 shares during the quarter. Pzena Investment Management LLC owned approximately 2.20% of Genpact worth $119,804,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Genpact by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider's stock valued at $208,965,000 after acquiring an additional 598,877 shares during the period. First Trust Advisors LP lifted its holdings in shares of Genpact by 10.2% during the first quarter. First Trust Advisors LP now owns 2,415,994 shares of the business services provider's stock valued at $89,996,000 after purchasing an additional 222,899 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Genpact in the 1st quarter worth about $30,037,000. Pacer Advisors Inc. increased its position in shares of Genpact by 40.7% during the first quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider's stock valued at $28,504,000 after acquiring an additional 221,536 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in shares of Genpact by 172.5% in the first quarter. Rice Hall James & Associates LLC now owns 704,124 shares of the business services provider's stock worth $26,229,000 after purchasing an additional 445,743 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Insider Transactions at Genpact

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares in the company, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.58% of the stock is currently owned by company insiders.

Genpact Stock Performance

NYSE:G opened at $40.78 on Thursday. Genpact Limited has a 12-month low of $26.85 and a 12-month high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $6.82 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.07 and a beta of 0.53. The stock has a 50-day moving average price of $36.35 and a 200 day moving average price of $35.56.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.34 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Equities research analysts forecast that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, December 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.8%. Genpact's dividend payout ratio is presently 22.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on G. Wall Street Zen upgraded shares of Genpact from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Susquehanna lifted their price objective on Genpact from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a report on Friday, July 10th. Finally, Citigroup boosted their price target on Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Genpact currently has an average rating of "Hold" and a consensus price target of $39.67.

Genpact Company Profile

Genpact NYSE: G is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.

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