Signaturefd LLC Has $374,000 Stock Position in Genpact Limited (NYSE:G)

Signaturefd LLC lowered its holdings in Genpact Limited (NYSE:G) by 19.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,788 shares of the business services provider’s stock after selling 2,545 shares during the quarter. Signaturefd LLC’s holdings in Genpact were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in G. Covestor Ltd grew its holdings in Genpact by 140.2% in the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after buying an additional 904 shares during the last quarter. Buck Wealth Strategies LLC lifted its position in shares of Genpact by 438.3% in the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,486 shares during the period. Lindbrook Capital LLC lifted its position in shares of Genpact by 32.0% in the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider’s stock worth $94,000 after acquiring an additional 632 shares during the period. Flynn Zito Capital Management LLC bought a new stake in shares of Genpact in the 4th quarter worth approximately $206,000. Finally, Vest Financial LLC bought a new stake in shares of Genpact in the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Trading Down 3.4 %

Shares of G opened at $30.67 on Friday. The stock has a fifty day moving average price of $33.17 and a two-hundred day moving average price of $34.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $44.63. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Analysts predict that Genpact Limited will post 2.7 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were given a $0.153 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.61 annualized dividend and a yield of 2.00%. Genpact’s payout ratio is presently 17.78%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on G shares. JPMorgan Chase & Co. raised their price objective on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Citigroup reduced their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday. Mizuho initiated coverage on Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective for the company. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.78.

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.