DGS Capital Management LLC Acquires 18,811 Shares of Genpact Limited (NYSE:G)

DGS Capital Management LLC raised its stake in shares of Genpact Limited (NYSE:G - Free Report) by 69.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,800 shares of the business services provider's stock after purchasing an additional 18,811 shares during the period. DGS Capital Management LLC's holdings in Genpact were worth $1,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its stake in Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider's stock valued at $31,000 after purchasing an additional 587 shares during the period. Venturi Wealth Management LLC boosted its position 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 valued at $103,000 after acquiring an additional 1,121 shares during the period. GAMMA Investing LLC grew its stake in shares of Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock worth $131,000 after acquiring an additional 2,293 shares during the last quarter. Centaurus Financial Inc. bought a new position in Genpact during the third quarter worth $159,000. Finally, M&T Bank Corp acquired a new position in Genpact during the 3rd quarter valued at $206,000. Institutional investors own 96.03% of the company's stock.

Genpact Trading Down 0.1 %

G traded down $0.06 during mid-day trading on Friday, reaching $44.67. The stock had a trading volume of 913,785 shares, compared to its average volume of 1,348,975. The stock has a market capitalization of $7.88 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.56 and a beta of 1.18. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm's fifty day simple moving average is $42.38 and its two-hundred day simple moving average is $37.75.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, December 9th. Genpact's dividend payout ratio (DPR) is currently 16.76%.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on G. Robert W. Baird upped their price target on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, November 8th. 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. Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Finally, Needham & Company LLC upped their target price on shares of Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Genpact has a consensus rating of "Hold" and a consensus price target of $42.33.

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.