Genpact Limited (NYSE:G) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its position in Genpact Limited (NYSE:G) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,069 shares of the business services provider’s stock after acquiring an additional 1,611 shares during the quarter. Signaturefd LLC’s holdings in Genpact were worth $669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Genpact by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,315 shares of the business services provider’s stock valued at $914,000 after acquiring an additional 1,281 shares during the last quarter. Suncoast Equity Management increased its stake in Genpact by 3.1% in the third 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 during the last quarter. Vest Financial LLC raised its holdings in Genpact by 12.9% during the third quarter. Vest Financial LLC now owns 39,012 shares of the business services provider’s stock worth $1,530,000 after purchasing an additional 4,458 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Genpact in the 3rd quarter valued at $270,000. Finally, Birch Capital Management LLC grew its position in shares of Genpact by 23.6% in the 3rd quarter. Birch Capital Management LLC now owns 93,216 shares of the business services provider’s stock valued at $3,655,000 after buying an additional 17,827 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 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 report on Monday, September 9th. 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 research report on Monday, August 12th. TD Cowen raised their price objective on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC upped their target price on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.44.

Genpact Stock Up 0.1 %

Genpact stock opened at $38.41 on Friday. The stock’s 50 day moving average price is $38.89 and its 200 day moving average price is $34.88. The company has a market cap of $6.91 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $39.95.

Genpact (NYSE:G) last announced its quarterly 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. The business had revenue of $1.18 billion during 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%. On average, sell-side analysts predict that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Dividend Announcement

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