Greenleaf Trust Buys Shares of 5,364 Genpact Limited (NYSE:G)

Greenleaf Trust purchased a new stake in shares of Genpact Limited (NYSE:G) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,364 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lecap Asset Management Ltd. increased its holdings in Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after buying an additional 364 shares during the last quarter. Signaturefd LLC grew its position in Genpact by 10.4% in the third quarter. Signaturefd LLC now owns 17,069 shares of the business services provider’s stock worth $669,000 after acquiring an additional 1,611 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Genpact by 5.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,315 shares of the business services provider’s stock worth $914,000 after purchasing an additional 1,281 shares during the last quarter. Suncoast Equity Management raised its holdings in shares of Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 375 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Genpact by 12.9% in the 3rd quarter. Vest Financial LLC now owns 39,012 shares of the business services provider’s stock valued at $1,530,000 after purchasing an additional 4,458 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on G. 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. BMO Capital Markets raised their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. TD Cowen boosted their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Needham & Company LLC increased their price target on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average target price of $39.44.

Genpact Price Performance

Shares of Genpact stock opened at $38.34 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $6.83 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. The firm has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $34.95. Genpact Limited has a fifty-two week low of $29.41 and a fifty-two week high of $39.95.

Genpact (NYSE:G) last released its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.15 billion. Analysts expect that Genpact Limited will post 2.85 EPS for the current year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is presently 17.23%.

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.