Capital International Inc. CA Grows Position in Genpact Limited (NYSE:G)

Capital International Inc. CA increased its position in shares of Genpact Limited (NYSE:G) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,214 shares of the business services provider’s stock after buying an additional 2,921 shares during the period. Capital International Inc. CA’s holdings in Genpact were worth $2,215,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. purchased a new stake in shares of Genpact during the fourth quarter worth approximately $1,122,000. ARGA Investment Management LP purchased a new position in Genpact in the fourth quarter valued at approximately $5,881,000. Russell Investments Group Ltd. increased its stake in Genpact by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock valued at $8,768,000 after purchasing an additional 47,754 shares during the last quarter. Running Oak Capital LLC increased its stake in Genpact by 19.6% in the first quarter. Running Oak Capital LLC now owns 241,438 shares of the business services provider’s stock valued at $7,955,000 after purchasing an additional 39,592 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in Genpact by 48.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 216,081 shares of the business services provider’s stock valued at $7,500,000 after purchasing an additional 70,501 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Genpact news, Director N. V. Tyagarajan sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $33.17, for a total transaction of $33,170.00. Following the sale, the director now directly owns 7,300 shares in the company, valued at approximately $242,141. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Genpact Stock Performance

Shares of NYSE G traded up $0.25 during mid-day trading on Friday, hitting $34.36. 705,472 shares of the company were exchanged, compared to its average volume of 975,300. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $33.34. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $39.33. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.11.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. Genpact had a return on equity of 22.71% and a net margin of 14.21%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, sell-side analysts forecast that Genpact Limited will post 2.7 EPS for the current fiscal year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio (DPR) is currently 17.43%.

Analysts Set New Price Targets

Several equities analysts have commented on G shares. BMO Capital Markets dropped their price target on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. Citigroup decreased their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Wedbush reissued a “neutral” rating and issued a $35.00 price objective on shares of Genpact in a report on Friday, May 10th. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised Genpact from an “underweight” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $40.00 in a report on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.63.

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.