Genpact Limited (NYSE:G) Position Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Genpact Limited (NYSE:G - Free Report) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,341,647 shares of the business services provider's stock after selling 851,052 shares during the quarter. Victory Capital Management Inc. owned approximately 4.68% of Genpact worth $327,076,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Genpact by 1.3% during 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider's stock worth $107,065,000 after purchasing an additional 847,249 shares during the period. Capital International Investors lifted its stake in shares of Genpact by 51.8% in the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider's stock valued at $101,715,000 after purchasing an additional 1,053,236 shares in the last quarter. Vulcan Value Partners LLC increased its position in Genpact by 22.2% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider's stock worth $50,456,000 after purchasing an additional 284,842 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Genpact by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider's stock valued at $48,680,000 after buying an additional 122,993 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Up 0.0 %

Shares of NYSE:G traded up $0.01 during midday trading on Tuesday, reaching $46.67. The company had a trading volume of 1,997,486 shares, compared to its average volume of 1,331,372. The stock has a market capitalization of $8.32 billion, a P/E ratio of 12.82, a PEG ratio of 1.92 and a beta of 1.13. The stock's fifty day moving average price is $39.34 and its 200-day moving average price is $35.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. Genpact Limited has a one year low of $30.23 and a one year high of $47.98.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's payout ratio is currently 16.76%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on G shares. Robert W. Baird boosted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday. TD Cowen upped their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Friday. Needham & Company LLC increased their price target on Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a report on Monday. BMO Capital Markets boosted their price objective on Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. increased 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. 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 currently 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.