Genpact Limited (NYSE:G) Shares Acquired by ARGA Investment Management LP

ARGA Investment Management LP raised its position in Genpact Limited (NYSE:G - Free Report) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 677,504 shares of the business services provider's stock after acquiring an additional 155,889 shares during the period. Genpact makes up approximately 0.9% of ARGA Investment Management LP's holdings, making the stock its 24th biggest holding. ARGA Investment Management LP owned 0.38% of Genpact worth $26,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of G. PDT Partners LLC purchased a new stake in shares of Genpact during the third quarter worth about $830,000. Verition Fund Management LLC boosted its stake in Genpact by 139.2% in the 3rd quarter. Verition Fund Management LLC now owns 26,268 shares of the business services provider's stock worth $1,030,000 after purchasing an additional 15,285 shares in the last quarter. Martingale Asset Management L P grew its position in Genpact by 20.5% during the 3rd quarter. Martingale Asset Management L P now owns 151,598 shares of the business services provider's stock worth $5,944,000 after purchasing an additional 25,774 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in Genpact by 10.7% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 290,166 shares of the business services provider's stock valued at $11,377,000 after purchasing an additional 28,068 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Genpact in the third quarter worth $4,365,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the sale, the chief executive officer now owns 267,404 shares of the company's stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on G shares. Robert W. Baird upped their target price on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. TD Cowen increased their price objective on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a report on Friday, November 8th. BMO Capital Markets lifted their target price on Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 12th. Needham & Company LLC increased their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised 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. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.33.

Genpact Stock Performance

Shares of NYSE G traded down $0.33 during midday trading on Friday, reaching $46.16. 752,258 shares of the stock were exchanged, compared to its average volume of 1,596,334. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $41.17 and a two-hundred day simple moving average of $37.02. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.59 and a beta of 1.13.

Genpact Dividend Announcement

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 $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.32%. Genpact's payout ratio is 16.76%.

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.