Could Genpact Limited (NYSE:G) Skyrocket? The Stock Has Too Many Sellers

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Investors sentiment increased to 1.44 in 2019 Q1. Its up 0.70, from 0.74 in 2018Q4. It is positive, as 13 investors sold Genpact Limited shares while 69 reduced holdings. 44 funds opened positions while 74 raised stakes. 164.79 million shares or 0.88% less from 166.25 million shares in 2018Q4 were reported.
Stone Ridge Asset Limited Liability Company holds 0.15% or 74,082 shares in its portfolio. Moreover, Bain Cap Investors Lc has 43.03% invested in Genpact Limited (NYSE:G) for 32.04M shares. Cubist Systematic Strategies Lc reported 12,450 shares. Sei Invs Com has invested 0.01% in Genpact Limited (NYSE:G). Aperio Group Ltd Liability Corp reported 0.09% in Genpact Limited (NYSE:G). Arrowstreet Ltd Partnership holds 3.17 million shares. Fdx invested 0.03% of its portfolio in Genpact Limited (NYSE:G). Global Endowment Mngmt Limited Partnership holds 2.89% of its portfolio in Genpact Limited (NYSE:G) for 581,750 shares. Private Tru Communication Na owns 16,255 shares for 0.12% of their portfolio. Pembroke Management Ltd reported 300,050 shares or 1.14% of all its holdings. Logan Cap Mgmt Incorporated owns 26,277 shares. Dalton Investments Limited Liability Com holds 794,319 shares or 12.2% of its portfolio. Junto Cap Mngmt Limited Partnership holds 930,356 shares or 1.88% of its portfolio. Moreover, Marathon Asset Management Llp has 0.55% invested in Genpact Limited (NYSE:G). Old Natl Savings Bank In holds 35,030 shares or 0.06% of its portfolio.

The stock of Genpact Limited (NYSE:G) registered an increase of 91.06% in short interest. G’s total short interest was 1.60M shares in August as published by FINRA. Its up 91.06% from 836,900 shares, reported previously. With 1.05M shares average volume, it will take short sellers 2 days to cover their G’s short positions. The short interest to Genpact Limited’s float is 1.11%.

The stock increased 1.34% or $0.53 during the last trading session, reaching $40.22. About 2.82M shares traded or 134.44% up from the average. Genpact Limited (NYSE:G) has risen 31.43% since August 15, 2018 and is uptrending. It has outperformed by 31.43% the S&P500.

Genpact Limited provides business process outsourcing and information technology management services worldwide. The company has market cap of $7.66 billion. The firm offers finance and accounting services, including accounts payable comprising document management, invoice processing, approval, resolution management, and T&E processing; order to cash services, such as customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services consisting of accounting, closing and reporting, treasury, tax, and product cost accounting services; enterprise performance management, including budgeting, forecasting, business performance reporting, and analytics; and enterprise risk and compliance services comprising SOX advisory, enterprise risk management, internal audit, FCPA, and IT risk management services. It has a 27.18 P/E ratio. It also provides analytics and research services; core industry operation services; business and enterprise risk consulting services; transformation services; and supply chain and procurement services, including direct and indirect strategic sourcing, category management, spend analytics, procurement operations, master data management, and other procurement and supply chain advisory services.

Genpact Limited (NYSE:G) Ratings Coverage

Among 3 analysts covering Genpact (NYSE:G), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Genpact has $4700 highest and $36 lowest target. $45’s average target is 11.88% above currents $40.22 stock price. Genpact had 11 analyst reports since February 26, 2019 according to SRatingsIntel. The stock has “Buy” rating by Cantor Fitzgerald on Sunday, March 3. On Thursday, August 8 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Overweight” rating by Cantor Fitzgerald given on Thursday, August 8.

More notable recent Genpact Limited (NYSE:G) news were published by: Finance.Yahoo.com which released: “Is Genpact Limited’s (NYSE:G) 19% ROE Better Than Average? – Yahoo Finance” on July 16, 2019, also Seekingalpha.com with their article: “Genpact Q2 2019 Earnings Preview – Seeking Alpha” published on August 06, 2019, Finance.Yahoo.com published: “Genpact Announces Secondary Equity Offering on Behalf of Selling Shareholders – Yahoo Finance” on August 13, 2019. More interesting news about Genpact Limited (NYSE:G) were released by: Benzinga.com and their article: “11 Industrials Stocks Moving In Wednesday’s After-Market Session – Benzinga” published on August 08, 2019 as well as Benzinga.com‘s news article titled: “9 Industrials Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” with publication date: August 14, 2019.

Genpact Limited (NYSE:G) Ratings Chart

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