Pembroke Management LTD Acquires 90,430 Shares of Genpact Limited (NYSE:G)

Pembroke Management LTD boosted its holdings in Genpact Limited (NYSE:G) by 30.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,480 shares of the business services provider’s stock after acquiring an additional 90,430 shares during the quarter. Pembroke Management LTD owned 0.21% of Genpact worth $14,873,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Genpact by 17.8% during the 1st quarter. BlackRock Inc. now owns 9,496,584 shares of the business services provider’s stock valued at $334,091,000 after buying an additional 1,431,928 shares during the last quarter. FIL Ltd raised its stake in Genpact by 35.3% during the 1st quarter. FIL Ltd now owns 4,799,093 shares of the business services provider’s stock valued at $168,832,000 after buying an additional 1,251,581 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Genpact by 13.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,235,898 shares of the business services provider’s stock valued at $85,165,000 after buying an additional 258,718 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Genpact by 1.1% in the 1st quarter. Wells Fargo & Company MN now owns 1,700,283 shares of the business services provider’s stock worth $59,816,000 after purchasing an additional 18,397 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Genpact by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,548,278 shares of the business services provider’s stock worth $41,787,000 after purchasing an additional 22,967 shares in the last quarter. 94.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of G traded down $0.47 during midday trading on Friday, hitting $39.26. 1,076,110 shares of the company traded hands, compared to its average volume of 832,815. The firm has a 50 day simple moving average of $38.53. Genpact Limited has a 52 week low of $25.48 and a 52 week high of $40.82. The stock has a market cap of $7.47 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.38 and a current ratio of 1.38.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Genpact had a net margin of 8.91% and a return on equity of 22.33%. The firm had revenue of $809.21 million during the quarter, compared to the consensus estimate of $764.50 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Genpact Limited will post 1.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Wednesday, September 11th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, September 10th. Genpact’s payout ratio is 21.25%.

In related news, insider Private Ltd Gic sold 1,499,806 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $36.01, for a total value of $54,008,014.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heather White sold 1,058 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $36.08, for a total transaction of $38,172.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,001,058 shares of company stock valued at $360,138,173. 1.86% of the stock is owned by insiders.

G has been the subject of several analyst reports. Needham & Company LLC initiated coverage on Genpact in a research note on Friday, June 14th. They issued a “buy” rating for the company. Wedbush restated a “neutral” rating on shares of Genpact in a research note on Tuesday, July 16th. Finally, Zacks Investment Research lowered Genpact from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.97.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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