Brown Advisory Inc. Has $362.20 Million Holdings in Genpact Limited (G)
Brown Advisory Inc. boosted its holdings in shares of Genpact Limited (NYSE:G) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,598,190 shares of the business services provider’s stock after purchasing an additional 247,088 shares during the quarter. Genpact makes up approximately 1.2% of Brown Advisory Inc.’s holdings, making the stock its 25th largest holding. Brown Advisory Inc. owned about 6.53% of Genpact worth $362,198,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its holdings in Genpact by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after purchasing an additional 189 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Genpact by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after purchasing an additional 3,419 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Genpact in the 3rd quarter valued at approximately $128,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Genpact by 1.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 94 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Genpact by 59.8% in the 3rd 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 during the last quarter. Institutional investors own 91.15% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Cowen set a $33.00 price target on Genpact and gave the company a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Genpact from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, August 8th. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price target on shares of Genpact in a report on Wednesday, August 16th. BidaskClub downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $33.00 price target on shares of Genpact in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.38.
Shares of Genpact Limited (NYSE G) traded down $0.33 during midday trading on Thursday, hitting $32.01. The stock had a trading volume of 1,267,200 shares, compared to its average volume of 1,028,307. Genpact Limited has a 1-year low of $23.34 and a 1-year high of $32.45. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. The company has a market cap of $6,242.99, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.21 and a beta of 0.58.
Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $708.82 million during the quarter, compared to the consensus estimate of $685.25 million. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. research analysts forecast that Genpact Limited will post 1.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 8th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. Genpact’s payout ratio is currently 17.39%.
In related news, insider Piyush Mehta sold 17,017 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.00, for a total transaction of $527,527.00. Following the completion of the transaction, the insider now directly owns 82,461 shares in the company, valued at approximately $2,556,291. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $32.25, for a total value of $806,250.00. Following the transaction, the insider now owns 85,305 shares of the company’s stock, valued at $2,751,086.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,575,051 shares of company stock valued at $47,739,747. 1.41% of the stock is owned by company insiders.
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Genpact Company Profile
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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