Is Buying Genpact Limited (NYSE:G), Having Lower Short Interest a Winning Strategy?

July 27, 2018 - By Billy Entrekin

Genpact Limited (NYSE:G) Logo

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.45, from 1.38 in 2017Q4. It is negative, as 23 investors sold Genpact Limited shares while 82 reduced holdings. 31 funds opened positions while 67 raised stakes. 165.11 million shares or 4.75% less from 173.35 million shares in 2017Q4 were reported.
Bokf Na owns 45,032 shares or 0.04% of their US portfolio. Dupont Cap Mngmt Corp reported 68,744 shares. Geode Cap Management Lc holds 1.27 million shares or 0.01% of its portfolio. Us Bank & Trust De has 176,561 shares for 0.02% of their portfolio. Greenleaf stated it has 9,998 shares. Yorktown Mgmt And Rech Com Inc stated it has 0.11% of its portfolio in Genpact Limited (NYSE:G). Koch Indus Inc invested 0.06% in Genpact Limited (NYSE:G). 70,200 were reported by Macquarie Grp Inc Limited. Quantitative Inv Management Lc accumulated 35,200 shares or 0.02% of the stock. Qs Invsts Lc has invested 0.06% in Genpact Limited (NYSE:G). Old Natl Bank In has 0.07% invested in Genpact Limited (NYSE:G) for 39,201 shares. State Board Of Administration Of Florida Retirement Sys invested 0.02% in Genpact Limited (NYSE:G). Cooke And Bieler Limited Partnership holds 0.23% or 377,294 shares in its portfolio. 1,807 were accumulated by Huntington Commercial Bank. Bb&T Securities Ltd Limited Liability Company reported 0.02% in Genpact Limited (NYSE:G).

The stock of Genpact Limited (NYSE:G) registered a decrease of 13.49% in short interest. G’s total short interest was 3.15M shares in July as published by FINRA. Its down 13.49% from 3.64 million shares, reported previously. With 382,000 shares average volume, it will take short sellers 8 days to cover their G’s short positions. The short interest to Genpact Limited’s float is 2.35%.

The stock decreased 0.23% or $0.07 during the last trading session, reaching $30.78. About 498,016 shares traded. Genpact Limited (NYSE:G) has risen 11.38% since July 27, 2017 and is uptrending. It has underperformed by 1.19% the S&P500.

Genpact Limited provides business process outsourcing and information technology management services worldwide. The company has market cap of $5.86 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 21.78 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 5 analysts covering Genpact Limited (NYSE:G), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Genpact Limited had 6 analyst reports since February 12, 2018 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Tuesday, February 13. The stock of Genpact Limited (NYSE:G) has “Neutral” rating given on Wednesday, February 14 by JP Morgan. The firm has “Buy” rating by SunTrust given on Tuesday, February 13. The company was maintained on Thursday, March 15 by SunTrust. BMO Capital Markets maintained the shares of G in report on Monday, February 12 with “Hold” rating. Cowen & Co maintained Genpact Limited (NYSE:G) on Tuesday, February 13 with “Buy” rating.

Genpact Limited (NYSE:G) Ratings Chart

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