Quantinno Capital Management LP lifted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 61.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,825 shares of the business services provider's stock after purchasing an additional 65,169 shares during the period. Quantinno Capital Management LP owned 0.10% of Genpact worth $6,737,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider's stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Genpact by 74.6% in the 3rd 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 raised its stake in Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock valued at $131,000 after acquiring an additional 2,293 shares during the period. Centaurus Financial Inc. bought a new stake in Genpact in the 3rd quarter valued at $159,000. Finally, Greenleaf Trust bought a new stake in Genpact in the 3rd quarter valued at $210,000. Institutional investors own 96.03% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on G shares. TD Cowen increased 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. Needham & Company LLC increased their price target on Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Robert W. Baird increased their price target on 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 price target on Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group increased their price target on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.33.
Get Our Latest Report on Genpact
Genpact Stock Performance
NYSE G traded down $0.10 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 company has a market cap of $7.96 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average of $41.84 and a two-hundred day moving average of $37.37.
Genpact Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's dividend payout ratio (DPR) is currently 16.76%.
Insider Transactions at Genpact
In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company's stock, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.
About Genpact
(
Free Report)
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.
Featured Stories
Before you consider Genpact, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genpact wasn't on the list.
While Genpact currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
