BNP Paribas Financial Markets Grows Position in Genpact Limited (NYSE:G)

BNP Paribas Financial Markets lifted its stake in Genpact Limited (NYSE:G - Free Report) by 78.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,957 shares of the business services provider's stock after acquiring an additional 21,140 shares during the quarter. BNP Paribas Financial Markets' holdings in Genpact were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Genpact by 34.2% during 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. Pzena Investment Management LLC grew its holdings in shares of Genpact by 130.3% in 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Genpact during the 3rd quarter worth approximately $19,779,000. Tandem Investment Advisors Inc. acquired a new stake in Genpact during the 3rd quarter worth approximately $17,025,000. Finally, Vulcan Value Partners LLC boosted its position in Genpact by 22.2% in 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 during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on G shares. Jefferies Financial Group boosted their price objective on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Robert W. Baird increased 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. JPMorgan Chase & Co. lifted their price objective 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. Needham & Company LLC boosted their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.33.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company's stock.

Genpact Stock Performance

NYSE:G traded down $0.10 during midday trading on Friday, reaching $45.16. The stock had a trading volume of 1,160,808 shares, compared to its average volume of 1,652,642. The firm has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $37.39. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98. 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 stock has a market cap of $7.96 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.57 and a beta of 1.18.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's payout ratio is 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.