Genpact Limited (NYSE:G) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Genpact Limited (NYSE:G) by 30.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,874 shares of the business services provider’s stock after acquiring an additional 28,938 shares during the quarter. Quantbot Technologies LP owned 0.07% of Genpact worth $4,049,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in G. EdgeRock Capital LLC acquired a new stake in Genpact in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in Genpact by 106.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after acquiring an additional 471 shares during the period. GAMMA Investing LLC bought a new stake in Genpact in the fourth quarter worth about $43,000. Massmutual Trust Co. FSB ADV lifted its holdings in 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 valued at $60,000 after acquiring an additional 989 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Genpact by 22.6% during the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 347 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of Genpact stock traded up $0.58 during trading on Friday, hitting $32.45. 845,595 shares of the company’s stock traded hands, compared to its average volume of 1,475,468. The company has a market cap of $5.84 billion, a PE ratio of 9.27, a PEG ratio of 1.45 and a beta of 1.11. The firm’s fifty day moving average price is $32.55 and its 200 day moving average price is $33.40. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $39.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.54 and a quick ratio of 1.54.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating 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. Analysts forecast that Genpact Limited will post 2.7 earnings per share for the current year.

Genpact Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio is 17.43%.

Analyst Ratings Changes

G has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Genpact in a report on Friday, May 10th. StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. BMO Capital Markets lowered their price objective on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Friday, May 10th. Citigroup reduced their target price on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $35.00 price target on shares of Genpact in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Genpact presently has an average rating of “Hold” and an average price target of $38.00.

Insider Activity at Genpact

In other news, Director N. V. Tyagarajan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $33.17, for a total transaction of $33,170.00. Following the completion of the transaction, the director now directly owns 7,300 shares in the company, valued at approximately $242,141. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by company insiders.

Genpact Company 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.