Genpact Limited (NYSE:G) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of Genpact Limited (NYSE:G - Free Report) by 59.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,082 shares of the business services provider's stock after selling 22,500 shares during the period. Versor Investments LP's holdings in Genpact were worth $591,000 as of its most recent SEC filing.

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

Genpact Stock Down 1.8 %

Shares of NYSE:G traded down $0.82 during mid-day trading on Thursday, hitting $45.09. 982,802 shares of the company traded hands, compared to its average volume of 1,329,351. The firm has a market cap of $8.03 billion, a P/E ratio of 12.36, a PEG ratio of 1.66 and a beta of 1.13. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The firm's 50 day simple moving average is $39.48 and its 200 day simple moving average is $35.86. 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.35%. Genpact's dividend payout ratio (DPR) is presently 16.76%.

Wall Street Analyst Weigh In

G has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group increased their price target 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 boosted their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Monday, August 12th. Finally, TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.33.

Genpact 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.