Jag Capital Management LLC Invests $11.43 Million in Genpact Limited (G)
Jag Capital Management LLC bought a new position in Genpact Limited (NYSE:G) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 360,119 shares of the business services provider’s stock, valued at approximately $11,430,000. Genpact makes up 2.1% of Jag Capital Management LLC’s holdings, making the stock its 23rd largest position.
Several other large investors have also recently bought and sold shares of G. YorkBridge Wealth Partners LLC lifted its position in shares of Genpact by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after buying an additional 189 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Genpact during the third quarter worth approximately $128,000. Advisor Group Inc. increased its stake in Genpact by 59.8% during the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock worth $145,000 after acquiring an additional 1,878 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Genpact by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock worth $181,000 after acquiring an additional 455 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Genpact during the second quarter worth approximately $210,000. Institutional investors own 91.29% of the company’s stock.
Genpact Limited (NYSE:G) traded up $0.09 on Tuesday, hitting $34.49. The stock had a trading volume of 641,400 shares, compared to its average volume of 908,557. The company has a market capitalization of $6,640.66, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. Genpact Limited has a 1 year low of $23.34 and a 1 year high of $34.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65.
Several equities research analysts have weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $38.00 price objective on shares of Genpact in a research note on Friday, November 10th. Cowen reissued a “buy” rating and set a $33.00 price objective on shares of Genpact in a research note on Thursday, October 12th. Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $34.00 price objective on shares of Genpact in a research note on Monday, October 9th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Genpact in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Genpact has an average rating of “Buy” and an average target price of $33.38.
In related news, SVP Arvinder Singh sold 22,855 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $32.23, for a total value of $736,616.65. Following the completion of the sale, the senior vice president now owns 37,623 shares in the company, valued at $1,212,589.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $32.25, for a total value of $806,250.00. Following the completion of the sale, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,751,086.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,675,525 shares of company stock worth $50,978,024. Insiders own 1.41% of the company’s stock.
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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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