Stephens Inc. AR Takes $511,000 Position in Genpact Limited (NYSE:G)

Stephens Inc. AR bought a new stake in shares of Genpact Limited (NYSE:G - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,041 shares of the business services provider's stock, valued at approximately $511,000.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Genpact by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider's stock worth $8,768,000 after acquiring an additional 47,754 shares during the period. Vanguard Group Inc. grew its stake 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 worth $565,845,000 after purchasing an additional 218,526 shares during the period. Quantbot Technologies LP raised its holdings in Genpact by 30.8% in the first quarter. Quantbot Technologies LP now owns 122,874 shares of the business services provider's stock worth $4,049,000 after purchasing an additional 28,938 shares in the last quarter. Duality Advisers LP purchased a new position in Genpact during the first quarter valued at $2,725,000. Finally, Magnetar Financial LLC boosted its holdings in shares of Genpact by 46.9% during the 1st quarter. Magnetar Financial LLC now owns 96,560 shares of the business services provider's stock valued at $3,182,000 after buying an additional 30,821 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Price Performance

Shares of Genpact stock traded up $1.37 on Thursday, hitting $41.85. 2,518,269 shares of the company traded hands, compared to its average volume of 1,317,138. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $42.32. The business has a 50-day simple moving average of $38.90 and a 200 day simple moving average of $35.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $7.46 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. Research analysts expect that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm 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 dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.46%. Genpact's dividend payout ratio (DPR) is currently 17.23%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on G. Needham & Company LLC raised their price objective on shares of Genpact from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their price target 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. BMO Capital Markets upped their price objective on 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 increased their target price on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Finally, Robert W. Baird boosted their price target on Genpact from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Genpact currently has a consensus rating of "Hold" and a consensus price target of $39.44.

Genpact Company 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.