7,941 Shares in Genpact Limited (NYSE:G) Bought by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new stake in Genpact Limited (NYSE:G) in the third quarter, HoldingsChannel reports. The institutional investor bought 7,941 shares of the business services provider’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of G. CWM LLC increased its holdings in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Versant Capital Management Inc grew its position in Genpact by 4,717.8% during the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after buying an additional 2,123 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Genpact by 54.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after buying an additional 984 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 worth $131,000 after acquiring an additional 2,293 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of NYSE G opened at $44.69 on Tuesday. The company has a 50-day simple moving average of $39.74 and a 200-day simple moving average of $36.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.89. The company has a market cap of $7.88 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.36%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

Wall Street Analyst Weigh In

G has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. BMO Capital Markets raised their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Jefferies Financial Group boosted their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Robert W. Baird raised their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.33.

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.