Blair William & Co. IL Has $289,000 Stake in Genpact Limited (NYSE:G)

Blair William & Co. IL decreased its holdings in Genpact Limited (NYSE:G) by 29.1% during the first quarter, Holdings Channel.com reports. The firm owned 5,738 shares of the business services provider’s stock after selling 2,355 shares during the period. Blair William & Co. IL’s holdings in Genpact were worth $289,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in G. Sumitomo Mitsui Trust Group Inc. acquired a new position in Genpact in the first quarter worth approximately $115,807,000. Lord Abbett & CO. LLC acquired a new position in Genpact in the fourth quarter worth approximately $60,110,000. Millennium Management LLC increased its holdings in Genpact by 829.4% in the fourth quarter. Millennium Management LLC now owns 1,057,389 shares of the business services provider’s stock worth $45,415,000 after buying an additional 943,622 shares during the last quarter. GAMMA Investing LLC increased its holdings in Genpact by 9,371.4% in the first quarter. GAMMA Investing LLC now owns 490,903 shares of the business services provider’s stock worth $24,732,000 after buying an additional 485,720 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Genpact by 847.8% in the fourth quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider’s stock worth $15,228,000 after buying an additional 401,962 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on G. Deutsche Bank Aktiengesellschaft began coverage on Genpact in a report on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Wall Street Zen upgraded Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of Genpact in a report on Friday, August 8th. Robert W. Baird lowered their price target on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Mizuho increased their price target on Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.29.

Genpact Trading Up 0.1%

Shares of G stock opened at $43.31 on Wednesday. Genpact Limited has a 1 year low of $36.79 and a 1 year high of $56.76. The firm’s fifty day simple moving average is $43.87 and its 200 day simple moving average is $47.07. The firm has a market capitalization of $7.57 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 2.45 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Genpact’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Genpact’s payout ratio is 22.59%.

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.