Genpact Limited (NYSE:G) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its holdings in shares of Genpact Limited (NYSE:G) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,059 shares of the business services provider’s stock after purchasing an additional 364 shares during the period. Lecap Asset Management Ltd.’s holdings in Genpact were worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 587 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,123 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Genpact by 54.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 984 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Genpact by 132.8% in the 1st quarter. Covestor Ltd now owns 4,340 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 2,476 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Performance

NYSE:G opened at $38.41 on Friday. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $39.95. The firm’s fifty day simple moving average is $38.89 and its 200 day simple moving average is $34.88. 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 firm has a market capitalization of $6.91 billion, a PE ratio of 10.97, a PEG ratio of 1.63 and a beta of 1.13.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts anticipate that Genpact Limited will post 2.85 EPS for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.59%. Genpact’s payout ratio is presently 17.43%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group increased their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Robert W. Baird increased their target price on shares of Genpact from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Needham & Company LLC increased their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets increased their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Genpact has a consensus rating of “Hold” and an average price target of $39.44.

Genpact Profile

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.