Natixis Advisors LLC Purchases 3,101 Shares of Genpact Limited (NYSE:G)

Natixis Advisors LLC grew its position in shares of Genpact Limited (NYSE:G) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,132 shares of the business services provider’s stock after buying an additional 3,101 shares during the period. Natixis Advisors LLC’s holdings in Genpact were worth $3,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of G. Charles Schwab Investment Management Inc. raised its position in shares of Genpact by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,073,016 shares of the business services provider’s stock valued at $37,244,000 after buying an additional 26,084 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Genpact by 689.4% during the 4th quarter. BNP Paribas Financial Markets now owns 80,815 shares of the business services provider’s stock valued at $2,805,000 after acquiring an additional 70,578 shares during the period. AGF Management Ltd. grew its holdings in shares of Genpact by 3.0% during the 4th quarter. AGF Management Ltd. now owns 84,309 shares of the business services provider’s stock worth $2,926,000 after purchasing an additional 2,448 shares in the last quarter. Jump Financial LLC bought a new position in shares of Genpact in the fourth quarter worth $1,656,000. Finally, Dimensional Fund Advisors LP raised its stake in Genpact by 24.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,475 shares of the business services provider’s stock valued at $76,898,000 after purchasing an additional 432,921 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen raised their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. BMO Capital Markets boosted their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday. Finally, Needham & Company LLC boosted their price target on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.63.

Genpact Stock Up 0.3 %

Shares of NYSE:G opened at $38.33 on Monday. 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 Limited has a 52-week low of $29.41 and a 52-week high of $39.95. The company has a market capitalization of $6.90 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The company has a fifty day moving average of $35.29 and a 200-day moving average of $33.64.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. On average, equities analysts predict that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Cuts Dividend

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

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.