Landscape Capital Management L.L.C. Makes New Investment in Genpact Limited (NYSE:G)

Landscape Capital Management L.L.C. acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,773 shares of the business services provider's stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in G. Dimensional Fund Advisors LP boosted its holdings in shares of Genpact by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider's stock worth $107,065,000 after buying an additional 847,249 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Genpact by 130.3% during the second quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider's stock valued at $37,465,000 after purchasing an additional 658,560 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Genpact in the third quarter worth about $19,779,000. Tandem Investment Advisors Inc. bought a new position in shares of Genpact in the third quarter worth about $17,025,000. Finally, Vulcan Value Partners LLC lifted its position in shares of Genpact by 22.2% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider's stock valued at $50,456,000 after buying an additional 284,842 shares in the last quarter. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on G shares. TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Needham & Company LLC lifted their target price on shares of Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Finally, 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 report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $42.33.

Genpact Price Performance

Shares of G traded up $0.37 during midday trading on Friday, hitting $46.19. 2,887,032 shares of the company traded hands, compared to its average volume of 1,295,313. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.58 and a beta of 1.13. The firm has a 50 day moving average of $40.38 and a 200-day moving average of $36.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.32%. Genpact's dividend payout ratio is currently 16.76%.

About Genpact

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.