Genpact Limited (NYSE:G) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of Genpact Limited (NYSE:G - Free Report) by 20.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,598 shares of the business services provider's stock after buying an additional 25,774 shares during the quarter. Martingale Asset Management L P owned about 0.09% of Genpact worth $5,944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of Genpact in the first quarter valued at about $208,000. Price T Rowe Associates Inc. MD increased its position in Genpact by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,157 shares of the business services provider's stock valued at $3,004,000 after acquiring an additional 5,496 shares during the period. Tidal Investments LLC acquired a new position in Genpact in the 1st quarter valued at about $386,000. Virtu Financial LLC purchased a new stake in Genpact during the 1st quarter valued at approximately $332,000. Finally, Davis Capital Management lifted its position in Genpact by 2.6% during the 2nd quarter. Davis Capital Management now owns 39,590 shares of the business services provider's stock worth $1,268,000 after acquiring an additional 1,011 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Price Performance

Shares of Genpact stock traded down $0.33 on Friday, hitting $46.16. The company's stock had a trading volume of 752,258 shares, compared to its average volume of 1,345,405. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $41.17 and a 200-day moving average price of $36.98. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The company has a market capitalization of $8.14 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13.

Genpact Dividend Announcement

The business 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 dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, December 9th. Genpact's payout ratio is 16.76%.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of the firm'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 sale, the chief executive officer now owns 267,404 shares in the company, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

G has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. BMO Capital Markets lifted their price objective on Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Monday, August 12th. Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Needham & Company LLC lifted 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. Finally, TD Cowen upped their price objective 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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.