Tandem Investment Advisors Inc. Invests $17.03 Million in Genpact Limited (NYSE:G)

Tandem Investment Advisors Inc. bought a new position in shares of Genpact Limited (NYSE:G - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 434,209 shares of the business services provider's stock, valued at approximately $17,025,000. Tandem Investment Advisors Inc. owned approximately 0.24% of Genpact at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. increased its position in shares of Genpact by 2.1% during the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock worth $708,000 after acquiring an additional 364 shares during the period. Suncoast Equity Management increased its holdings in Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock worth $494,000 after purchasing an additional 375 shares during the period. Sawyer & Company Inc raised its position in Genpact by 1.1% in the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock valued at $1,421,000 after purchasing an additional 400 shares in the last quarter. Cloverfields Capital Group LP boosted its stake in shares of Genpact by 1.5% in the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider's stock valued at $954,000 after buying an additional 416 shares during the period. Finally, United Services Automobile Association grew its position in shares of Genpact by 3.3% during the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider's stock worth $431,000 after buying an additional 433 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Price Performance

NYSE:G traded up $4.11 during trading hours on Friday, hitting $45.92. The company's stock had a trading volume of 3,649,568 shares, compared to its average volume of 1,327,889. The company has a market capitalization of $8.18 billion, a PE ratio of 12.97, a PEG ratio of 1.62 and a beta of 1.13. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $47.98. The business's 50-day moving average is $39.03 and its two-hundred day moving average is $35.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89.

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, beating analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. As a group, research analysts anticipate that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Announces Dividend

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 issued a $0.1525 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's dividend payout ratio (DPR) is presently 17.23%.

Analysts Set New Price Targets

A number of equities analysts recently commented on G shares. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday. Needham & Company LLC raised their target price on Genpact from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, September 9th. Finally, BMO Capital Markets increased their price target on shares of Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.89.

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.