Victory Capital Management Inc. grew its holdings in Genpact Limited (NYSE:G) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,943 shares of the business services provider’s stock after buying an additional 11,505 shares during the period. Victory Capital Management Inc. owned 0.05% of Genpact worth $3,109,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of G. Meeder Asset Management Inc. purchased a new position in shares of Genpact in the third quarter valued at approximately $128,000. Advisor Group Inc. raised its holdings in Genpact by 59.8% in the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 1,878 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Genpact by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 455 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Genpact during the second quarter worth approximately $210,000. Finally, Visionary Asset Management Inc. acquired a new stake in Genpact during the third quarter worth approximately $232,000. Institutional investors and hedge funds own 90.99% of the company’s stock.
In related news, Director James C. Madden sold 4,270 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total value of $132,028.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Arvinder Singh sold 22,855 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $32.23, for a total value of $736,616.65. Following the completion of the transaction, the senior vice president now directly owns 37,623 shares in the company, valued at $1,212,589.29. The disclosure for this sale can be found here. Insiders have sold 49,815 shares of company stock worth $1,638,971 over the last three months. Corporate insiders own 1.41% of the company’s stock.
Genpact Limited (NYSE G) opened at $32.27 on Wednesday. The firm has a market capitalization of $6,247.44, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.71. Genpact Limited has a fifty-two week low of $23.34 and a fifty-two week high of $34.79.
Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Genpact had a return on equity of 22.75% and a net margin of 9.61%. The business had revenue of $734.41 million for the quarter, compared to analyst estimates of $723.55 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. equities analysts forecast that Genpact Limited will post 1.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 8th. Genpact’s dividend payout ratio (DPR) is 22.39%.
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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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