Entropy Technologies LP Sells 12,401 Shares of Genpact Limited (NYSE:G)

Entropy Technologies LP trimmed its position in shares of Genpact Limited (NYSE:G - Free Report) by 51.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,553 shares of the business services provider's stock after selling 12,401 shares during the period. Entropy Technologies LP's holdings in Genpact were worth $453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loudon Investment Management LLC increased its stake in Genpact by 9.7% during the third quarter. Loudon Investment Management LLC now owns 141,425 shares of the business services provider's stock valued at $5,545,000 after acquiring an additional 12,490 shares during the period. Access Investment Management LLC increased its stake in Genpact by 44.0% during the third quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider's stock valued at $8,347,000 after acquiring an additional 65,070 shares during the period. Venturi Wealth Management LLC grew its stake in shares of 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 purchasing an additional 1,121 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Genpact in the 3rd quarter worth approximately $19,779,000. Finally, Jensen Investment Management Inc. raised its holdings in shares of Genpact by 6.4% in the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider's stock worth $7,449,000 after buying an additional 11,410 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on G shares. Needham & Company LLC increased their target price on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. BMO Capital Markets increased their target price on Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 12th. Jefferies Financial Group increased their target price on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their target price on Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Finally, TD Cowen increased their target price on Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.33.

Genpact Price Performance

G stock traded down $0.31 during midday trading on Friday, reaching $44.79. 1,148,666 shares of the company's stock traded hands, compared to its average volume of 1,328,538. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.63 and a beta of 1.13. The company has a quick ratio of 1.89, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $39.74 and a two-hundred day simple moving average of $36.02. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.36%. Genpact's 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.