Genpact Limited (NYSE:G) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its stake in shares of Genpact Limited (NYSE:G) by 75.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,932 shares of the business services provider’s stock after selling 48,859 shares during the quarter. Empowered Funds LLC’s holdings in Genpact were worth $625,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. CWM LLC raised its holdings in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after buying an additional 587 shares during the period. Versant Capital Management Inc increased its position in shares of Genpact by 4,717.8% in the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after acquiring an additional 2,123 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake 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 during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Genpact by 221.3% during 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. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Needham & Company LLC increased their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on 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 price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets boosted their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.33.

Genpact Price Performance

G stock opened at $46.19 on Friday. The stock’s 50 day moving average is $40.38 and its two-hundred day moving average is $36.50. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The company has a market capitalization of $8.15 billion, a PE ratio of 12.69, a P/E/G ratio of 1.58 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Dividend Announcement

The business also recently declared 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 dividend yield of 1.32%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.