Vanguard Personalized Indexing Management LLC Boosts Holdings in Genpact Limited (NYSE:G)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Genpact Limited (NYSE:G) by 53.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 49,134 shares of the business services provider’s stock after acquiring an additional 17,034 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Genpact were worth $1,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of G. CWM LLC lifted its position in shares of Genpact by 160.8% in the second 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. EverSource Wealth Advisors LLC grew its stake in shares of Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after buying an additional 471 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after buying an additional 989 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 347 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings 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 during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of NYSE:G opened at $38.68 on Friday. The firm’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $33.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The firm has a market cap of $6.96 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

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

Genpact Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, September 11th. Genpact’s dividend payout ratio (DPR) is presently 17.43%.

Wall Street Analysts Forecast Growth

G has been the topic of a number of recent research reports. TD Cowen upped their price objective on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC boosted their price objective on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets upped their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group raised their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. 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 currently has an average rating of “Hold” and an average price target of $38.78.

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.