Xponance Inc. Reduces Stake in Genpact Limited (NYSE:G)

Xponance Inc. lessened its stake in shares of Genpact Limited (NYSE:G) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,201 shares of the business services provider’s stock after selling 6,162 shares during the period. Xponance Inc.’s holdings in Genpact were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Genpact by 12.6% in the 4th quarter. Wells Fargo & Company MN now owns 231,105 shares of the business services provider’s stock valued at $8,022,000 after purchasing an additional 25,835 shares during the last quarter. Corient Private Wealth LLC grew its position in Genpact by 46.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,402 shares of the business services provider’s stock worth $535,000 after acquiring an additional 4,899 shares during the period. Parallel Advisors LLC grew its position in Genpact by 22.6% in the fourth quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after acquiring an additional 347 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Genpact during the fourth quarter worth $487,000. Finally, Bell Asset Management Ltd raised its position in Genpact by 9.1% in the fourth quarter. Bell Asset Management Ltd now owns 343,551 shares of the business services provider’s stock valued at $11,925,000 after purchasing an additional 28,594 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

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

Genpact Stock Performance

NYSE:G opened at $38.75 on Monday. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.95. The company has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $34.07. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

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

Genpact Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a $0.1525 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $0.61 annualized dividend and a yield of 1.57%. Genpact’s dividend payout ratio (DPR) is 17.43%.

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.