Genpact Limited (NYSE:G) Shares Purchased by Versor Investments LP

Versor Investments LP raised its position in shares of Genpact Limited (NYSE:G) by 21.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,582 shares of the business services provider’s stock after purchasing an additional 6,613 shares during the period. Versor Investments LP’s holdings in Genpact were worth $1,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in G. Parallel Advisors LLC raised 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 worth $65,000 after purchasing an additional 347 shares in the last quarter. Cloverfields Capital Group LP raised its holdings in shares of Genpact by 1.5% during the first quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 416 shares during the period. Johnson Financial Group Inc. raised its holdings in shares of Genpact by 10.4% during the fourth quarter. Johnson Financial Group Inc. now owns 4,800 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 452 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Genpact by 106.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 471 shares during the period. Finally, State of Michigan Retirement System raised its holdings in shares of Genpact by 1.2% during the first quarter. State of Michigan Retirement System now owns 40,584 shares of the business services provider’s stock valued at $1,337,000 after acquiring an additional 500 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Performance

Shares of G opened at $39.23 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market capitalization of $6.99 billion, a PE ratio of 11.21, a PEG ratio of 1.64 and a beta of 1.11. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.95. The company’s 50 day moving average price is $34.76 and its 200 day moving average price is $33.56.

Genpact (NYSE:G) last posted its earnings results 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. The company 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%. Research analysts expect that Genpact Limited will post 2.85 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 given a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio is 17.43%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $35.00 price target on shares of Genpact in a report on Friday, May 10th. JPMorgan Chase & Co. upgraded shares of Genpact from an “underweight” rating to a “neutral” rating and cut their price target for the company from $43.00 to $40.00 in a report on Wednesday, July 17th. BMO Capital Markets boosted 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. Needham & Company LLC boosted their price target on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, TD Cowen boosted their price objective on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.25.

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.