Verdence Capital Advisors LLC Acquires New Holdings in Genpact Limited (NYSE:G)

Verdence Capital Advisors LLC purchased a new stake in shares of Genpact Limited (NYSE:G) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,978 shares of the business services provider’s stock, valued at approximately $352,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in Genpact during the 1st quarter worth about $703,000. Empowered Funds LLC acquired a new position in Genpact in the first quarter valued at approximately $1,937,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Genpact by 25.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 23,352 shares of the business services provider’s stock worth $769,000 after buying an additional 4,748 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Genpact by 2,366.8% in the 1st quarter. Headlands Technologies LLC now owns 5,057 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 4,852 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Genpact by 6.5% in the 1st quarter. QRG Capital Management Inc. now owns 58,432 shares of the business services provider’s stock valued at $1,925,000 after acquiring an additional 3,589 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on G. JPMorgan Chase & Co. lifted their price target 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. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday. Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets upped their price objective 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. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Genpact currently has a consensus rating of “Hold” and an average price target of $42.33.

Genpact Price Performance

G opened at $46.66 on Tuesday. The firm’s fifty day moving average price is $39.18 and its two-hundred day moving average price is $35.68. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.92 and a beta of 1.13. 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 1 year low of $30.23 and a 1 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 $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.31%. Genpact’s dividend payout ratio (DPR) is 16.76%.

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.