Legal & General Group Plc raised its stake in Genpact Limited (NYSE:G) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,089 shares of the business services provider’s stock after buying an additional 1,799 shares during the period. Legal & General Group Plc owned about 0.06% of Genpact Limited worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Genpact Limited by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,129 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 52 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Genpact Limited by 1.2% in the 1st quarter. Fifth Third Bancorp now owns 9,976 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 121 shares in the last quarter. Ngam Advisors L.P. raised its holdings in shares of Genpact Limited by 0.6% in the 1st quarter. Ngam Advisors L.P. now owns 38,866 shares of the business services provider’s stock valued at $962,000 after purchasing an additional 242 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Genpact Limited by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 34,564 shares of the business services provider’s stock valued at $855,000 after purchasing an additional 994 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Genpact Limited by 27.0% in the 2nd quarter. SG Americas Securities LLC now owns 5,642 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 1,200 shares in the last quarter. 92.16% of the stock is owned by institutional investors.

Genpact Limited (G) opened at 28.08 on Monday. Genpact Limited has a 1-year low of $22.58 and a 1-year high of $31.93. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 21.21 and a beta of 0.50. The company’s 50 day moving average is $28.67 and its 200 day moving average is $26.60.

Genpact Limited (NYSE:G) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Equities research analysts forecast that Genpact Limited will post $1.56 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s dividend payout ratio (DPR) is 18.05%.

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $32.00 price target on shares of Genpact Limited in a report on Wednesday, September 13th. Robert W. Baird restated an “outperform” rating and issued a $34.00 price target on shares of Genpact Limited in a report on Wednesday, August 16th. BidaskClub lowered shares of Genpact Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Wedbush restated an “outperform” rating and issued a $33.00 price target on shares of Genpact Limited in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.86.

WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/18/legal-general-group-plc-grows-holdings-in-genpact-limited-g.html.

In other news, Director Amit Chandra sold 275,508 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $7,912,589.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was 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. Over the last three months, insiders sold 10,358,442 shares of company stock valued at $297,475,276. 1.55% of the stock is owned by corporate insiders.

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)

Receive News & Ratings for Genpact Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact Limited and related companies with MarketBeat.com's FREE daily email newsletter.