ING Groep NV Takes $2.87 Million Position in Genpact Limited (NYSE:G)

ING Groep NV acquired a new stake in Genpact Limited (NYSE:G - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 73,300 shares of the business services provider's stock, valued at approximately $2,874,000.

Several other institutional investors and hedge funds have also made changes to their positions in G. Russell Investments Group Ltd. boosted its stake in Genpact by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider's stock worth $8,768,000 after buying an additional 47,754 shares during the period. Vanguard Group Inc. boosted its holdings in Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider's stock valued at $565,845,000 after purchasing an additional 218,526 shares in the last quarter. Jensen Investment Management Inc. increased its stake in Genpact by 6.4% in the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider's stock valued at $7,449,000 after purchasing an additional 11,410 shares during the last quarter. Magnetar Financial LLC raised its holdings in Genpact by 46.9% during the first quarter. Magnetar Financial LLC now owns 96,560 shares of the business services provider's stock worth $3,182,000 after purchasing an additional 30,821 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Genpact by 53.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider's stock worth $1,580,000 after buying an additional 17,034 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

G has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Robert W. Baird raised their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets upped their price target on shares of Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Monday, August 12th. Jefferies Financial Group raised their price target on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, TD Cowen boosted their target price on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a report on Friday, November 8th. 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 an average target price of $42.33.

Genpact Price Performance

Shares of G stock traded down $0.31 during midday trading on Friday, reaching $44.79. 1,148,666 shares of the company were exchanged, compared to its average volume of 1,165,453. The company's 50 day moving average price is $39.74 and its two-hundred day moving average price is $36.06. The company has a market cap of $7.90 billion, a P/E ratio of 12.30, a PEG ratio of 1.54 and a beta of 1.13. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.85.

Genpact Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.36%. Genpact's dividend payout ratio (DPR) is 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.