Crossmark Global Holdings Inc. Grows Position in Genpact Limited (NYSE:G)

Crossmark Global Holdings Inc. increased its position in shares of Genpact Limited (NYSE:G - Free Report) by 77.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,989 shares of the business services provider's stock after purchasing an additional 170,141 shares during the quarter. Crossmark Global Holdings Inc. owned 0.22% of Genpact worth $15,291,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Genpact by 1.3% during the first 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 grew its stake in shares of Genpact by 34.2% during the 2nd 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 increased its holdings in shares of Genpact by 51.8% during the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider's stock valued at $101,715,000 after purchasing an additional 1,053,236 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in shares of 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 purchasing an additional 284,842 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in 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 buying an additional 122,993 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 research note on Friday, September 6th. Jefferies Financial Group increased their target price on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. BMO Capital Markets lifted their price target on Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on Genpact from $40.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Robert W. Baird upped their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Genpact has an average rating of "Hold" and an average target price of $40.89.

Genpact Trading Up 9.9 %

NYSE:G traded up $4.13 on Friday, reaching $45.94. 3,649,569 shares of the company's stock were exchanged, compared to its average volume of 780,107. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $47.98. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $39.03 and a 200-day moving average of $35.57.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. As a group, analysts expect that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Announces Dividend

The company also recently declared 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 yield of 1.33%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's dividend payout ratio (DPR) is presently 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.