Sawyer & Company Inc Acquires 400 Shares of Genpact Limited (NYSE:G)

Sawyer & Company Inc lifted its position in Genpact Limited (NYSE:G) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,243 shares of the business services provider’s stock after purchasing an additional 400 shares during the quarter. Sawyer & Company Inc’s holdings in Genpact were worth $1,421,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in G. CWM LLC increased its stake in Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Genpact by 120.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after buying an additional 989 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Genpact by 4,717.8% during the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after buying an additional 2,123 shares in the last quarter. Quarry LP increased its position in shares of Genpact by 530.1% in the fourth quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,744 shares during the period. Finally, GAMMA Investing LLC grew its position in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 1.5 %

Shares of Genpact stock traded up $0.59 during trading hours on Friday, reaching $38.96. 623,507 shares of the company were exchanged, compared to its average volume of 1,359,529. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $39.95. The stock’s fifty day moving average is $38.25 and its 200 day moving average is $34.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $7.01 billion, a PE ratio of 11.13, a PEG ratio of 1.63 and a beta of 1.13.

Genpact (NYSE:G) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts forecast that Genpact Limited will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on G. Needham & Company LLC lifted their price objective on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group upped their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Robert W. Baird increased their price objective on Genpact from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets increased their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Finally, TD Cowen increased their price objective on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.44.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.