Los Angeles Capital Management LLC Purchases Shares of 504,439 Genpact Limited (NYSE:G)

Los Angeles Capital Management LLC acquired a new position in Genpact Limited (NYSE:G - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 504,439 shares of the business services provider's stock, valued at approximately $19,779,000. Los Angeles Capital Management LLC owned about 0.28% of Genpact as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Genpact by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider's stock worth $565,845,000 after acquiring an additional 218,526 shares during the period. Dimensional Fund Advisors LP increased 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 purchasing an additional 847,249 shares during the period. Capital International Investors boosted its stake in Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider's stock valued at $101,715,000 after buying an additional 1,053,236 shares during the period. Vulcan Value Partners LLC grew its position in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider's stock worth $50,456,000 after buying an additional 284,842 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Genpact by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider's stock worth $48,680,000 after acquiring an additional 122,993 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Trading Up 1.6 %

Shares of Genpact stock traded up $0.72 on Monday, hitting $46.66. 1,418,006 shares of the company traded hands, compared to its average volume of 1,328,310. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average price is $39.18 and its 200-day moving average price is $35.68. The company has a market cap of $8.31 billion, a PE ratio of 12.82, a PEG ratio of 1.92 and a beta of 1.13. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.22% and a return on equity of 22.09%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Equities research analysts predict that Genpact Limited will post 2.85 EPS for the current year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.31%. Genpact's dividend payout ratio (DPR) is presently 16.76%.

Analysts Set New Price Targets

G has been the topic of several analyst reports. Needham & Company LLC lifted their price objective on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday. Robert W. Baird boosted their price objective on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Finally, TD Cowen upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.33.

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.