Aristides Capital LLC Acquires New Holdings in Genpact Limited (NYSE:G)

Aristides Capital LLC bought a new stake in Genpact Limited (NYSE:G) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the business services provider’s stock, valued at approximately $1,931,000. Genpact makes up about 0.5% of Aristides Capital LLC’s holdings, making the stock its 28th largest holding.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after buying an additional 587 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Genpact by 120.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares in the last quarter. Parallel Advisors LLC raised its position in Genpact by 22.6% in the fourth quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after acquiring an additional 347 shares in the last quarter. Quarry LP lifted its holdings in Genpact by 530.1% in the 4th quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 1,744 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,123 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on G shares. TD Cowen boosted their target price on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Jefferies Financial Group increased their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC raised their price objective on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.78.

Genpact Trading Up 1.2 %

Shares of NYSE G opened at $39.21 on Tuesday. The firm has a market capitalization of $7.06 billion, a PE ratio of 11.20, a PEG ratio of 1.63 and a beta of 1.13. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $37.25 and a two-hundred day moving average price of $34.07.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. As a group, analysts predict that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.1525 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a yield of 1.56%. Genpact’s payout ratio is 17.43%.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.