Empowered Funds LLC Sells 48,859 Shares of Genpact Limited (NYSE:G)

Empowered Funds LLC cut its position in Genpact Limited (NYSE:G - Free Report) by 75.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,932 shares of the business services provider's stock after selling 48,859 shares during the period. Empowered Funds LLC's holdings in Genpact were worth $625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in G. CWM LLC boosted its position in shares of Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider's stock valued at $31,000 after buying an additional 587 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider's stock valued at $70,000 after acquiring an additional 2,123 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock worth $103,000 after acquiring an additional 1,121 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Genpact by 54.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider's stock valued at $90,000 after purchasing an additional 984 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock valued at $131,000 after purchasing an additional 2,293 shares during the period. Institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

G has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Monday, August 12th. TD Cowen raised their target price on Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group increased their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.33.

Genpact Price Performance

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

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date 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 16.76%.

Genpact 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.