BNP Paribas Financial Markets Has $1.88 Million Position in Genpact Limited (NYSE:G)

BNP Paribas Financial Markets grew its holdings in Genpact Limited (NYSE:G) by 78.8% during the third quarter, Holdings Channel reports. The firm owned 47,957 shares of the business services provider’s stock after acquiring an additional 21,140 shares during the quarter. BNP Paribas Financial Markets’ holdings in Genpact were worth $1,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new position in shares of Genpact during the third quarter valued at about $159,000. Cerity Partners LLC raised its stake in Genpact by 136.4% during the 3rd quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider’s stock worth $703,000 after buying an additional 10,349 shares during the period. Landscape Capital Management L.L.C. bought a new position in Genpact in the third quarter worth approximately $540,000. Advisors Asset Management Inc. increased its holdings in shares of Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 226 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its holdings in shares of Genpact by 19.1% during the third quarter. OneAscent Financial Services LLC now owns 8,559 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 1,370 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of Genpact stock opened at $45.16 on Friday. The business’s fifty day simple moving average is $41.84 and its 200 day simple moving average is $37.39. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98. The firm has a market capitalization of $7.96 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is 16.76%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on G. BMO Capital Markets lifted their price target 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. Jefferies Financial Group upped their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Needham & Company LLC increased their price objective on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen lifted their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Genpact presently has an average rating of “Hold” and a consensus price target of $42.33.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.

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.