Genpact Limited (NYSE:G) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC increased its position in shares of Genpact Limited (NYSE:G) by 69.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,800 shares of the business services provider’s stock after acquiring an additional 18,811 shares during the quarter. DGS Capital Management LLC’s holdings in Genpact were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. CWM LLC raised its position in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the period. Blue Trust Inc. raised its holdings in Genpact by 11,038.0% in the 2nd quarter. Blue Trust Inc. now owns 8,799 shares of the business services provider’s stock valued at $290,000 after buying an additional 8,720 shares during the period. Riverwater Partners LLC raised its holdings in Genpact by 6.0% in the 2nd quarter. Riverwater Partners LLC now owns 10,688 shares of the business services provider’s stock valued at $344,000 after buying an additional 603 shares during the period. Nisa Investment Advisors LLC lifted its position in Genpact by 329.6% in the second quarter. Nisa Investment Advisors LLC now owns 10,525 shares of the business services provider’s stock valued at $339,000 after buying an additional 8,075 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Genpact during the second quarter worth about $570,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on G shares. Jefferies Financial Group increased 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. TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC lifted their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Genpact currently has an average rating of “Hold” and a consensus target price of $42.33.

Genpact Stock Down 0.5 %

Shares of NYSE:G traded down $0.21 during trading on Friday, hitting $44.52. 51,872 shares of the company were exchanged, compared to its average volume of 1,345,288. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50 day moving average price is $42.28 and its 200-day moving average price is $37.67. The stock has a market capitalization of $7.85 billion, a P/E ratio of 12.29, a PEG ratio of 1.56 and a beta of 1.18. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, December 9th. Genpact’s payout ratio is 16.76%.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

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.