Genpact Limited (NYSE:G) Stock Holdings Cut by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Genpact Limited (NYSE:G) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,286 shares of the business services provider’s stock after selling 3,897 shares during the quarter. Pacer Advisors Inc.’s holdings in Genpact were worth $1,458,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of G. Vanguard Group Inc. lifted its stake 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 valued at $565,845,000 after purchasing an additional 218,526 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Genpact by 8.5% during the 4th quarter. Fiduciary Management Inc. WI now owns 7,971,692 shares of the business services provider’s stock valued at $276,697,000 after acquiring an additional 623,794 shares during the last quarter. FIL Ltd boosted its stake in shares of Genpact by 16.8% during the 4th quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock worth $175,002,000 after acquiring an additional 725,198 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 847,249 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after purchasing an additional 1,053,236 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of NYSE:G opened at $39.01 on Friday. The company’s fifty day moving average is $37.14 and its two-hundred day moving average is $34.03. 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 Limited has a 12-month low of $29.41 and a 12-month high of $39.95. The company has a market cap of $7.02 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

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

Genpact Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, September 11th. Genpact’s dividend payout ratio (DPR) is presently 17.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. TD Cowen increased their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets raised their target price 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. Jefferies Financial Group boosted 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. Needham & Company LLC raised their price objective on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.78.

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.