19,271 Shares in Genpact Limited (NYSE:G) Purchased by MQS Management LLC

MQS Management LLC purchased a new position in Genpact Limited (NYSE:G) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,271 shares of the business services provider’s stock, valued at approximately $620,000.

A number of other institutional investors have also added to or reduced their stakes in G. Parallel Advisors LLC grew its holdings in shares of Genpact by 22.6% during the fourth quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after purchasing an additional 347 shares during the last quarter. Cloverfields Capital Group LP increased its position in shares of Genpact by 1.5% during the first quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock worth $954,000 after acquiring an additional 416 shares in the last quarter. United Services Automobile Association raised its stake in shares of Genpact by 3.3% in the 2nd quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 433 shares during the period. Johnson Financial Group Inc. lifted its stake in Genpact by 10.4% in the 4th quarter. Johnson Financial Group Inc. now owns 4,800 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 452 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after buying an additional 471 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Price Performance

G opened at $38.33 on Thursday. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.62 and a beta of 1.13. The firm has a 50-day moving average price of $36.45 and a 200-day moving average price of $33.84. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $39.95. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Equities analysts expect that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a $0.1525 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s payout ratio is 17.43%.

Wall Street Analysts Forecast Growth

G has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target 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. boosted their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets boosted their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. TD Cowen upped their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group raised their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact has a consensus rating of “Hold” and a consensus price target of $38.78.

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.