Atria Investments Inc Purchases 9,192 Shares of Genpact Limited (NYSE:G)

Atria Investments Inc boosted its position in shares of Genpact Limited (NYSE:G) by 43.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,121 shares of the business services provider’s stock after acquiring an additional 9,192 shares during the period. Atria Investments Inc’s holdings in Genpact were worth $1,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Genpact by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock worth $565,845,000 after acquiring an additional 218,526 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Capital International Investors boosted its holdings in shares of Genpact by 51.8% in the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after acquiring an additional 1,053,236 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Genpact by 22.2% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after acquiring an additional 284,842 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Genpact by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider’s stock worth $48,680,000 after acquiring an additional 122,993 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Down 0.7 %

Shares of NYSE:G opened at $44.79 on Friday. The company has a fifty day moving average of $39.74 and a 200-day moving average of $36.06. The company has a market capitalization of $7.98 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.85. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.36%. Genpact’s payout ratio is 16.76%.

Analyst Ratings Changes

Several research analysts have issued reports on G shares. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. TD Cowen upped their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. BMO Capital Markets increased 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. Finally, Needham & Company LLC increased their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus price target of $42.33.

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.