Stifel Financial Corp Makes New $1.20 Million Investment in Genpact Limited (NYSE:G)

Stifel Financial Corp purchased a new stake in Genpact Limited (NYSE:G - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 30,530 shares of the business services provider's stock, valued at approximately $1,197,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of G. Quantinno Capital Management LP increased its holdings in shares of Genpact by 61.1% in the 3rd quarter. Quantinno Capital Management LP now owns 171,825 shares of the business services provider's stock worth $6,737,000 after acquiring an additional 65,169 shares during the period. HighTower Advisors LLC bought a new position in Genpact in the 3rd quarter worth about $232,000. Atom Investors LP acquired a new stake in shares of Genpact in the third quarter valued at approximately $1,695,000. ARGA Investment Management LP raised its holdings in shares of Genpact by 29.9% during the third quarter. ARGA Investment Management LP now owns 677,504 shares of the business services provider's stock valued at $26,565,000 after buying an additional 155,889 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Genpact during the third quarter worth approximately $830,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 9,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value 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 SEC, which is accessible through this hyperlink. Insiders sold a total of 23,058 shares of company stock valued at $1,044,715 in the last quarter. Insiders own 2.80% of the company's stock.

Genpact Stock Up 1.6 %

Shares of G traded up $0.69 during trading hours on Monday, hitting $42.88. 1,512,055 shares of the company were exchanged, compared to its average volume of 1,369,893. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $7.56 billion, a PE ratio of 11.78, a PEG ratio of 1.56 and a beta of 1.17. The firm's 50 day moving average is $42.83 and its 200-day moving average is $38.23. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued 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 1.42%. Genpact's dividend payout ratio (DPR) is presently 16.76%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on G shares. Jefferies Financial Group upped their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. 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 boosted their price objective on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Finally, Robert W. Baird boosted their price target 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. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Hold" and an average target price of $42.33.

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.