Westfield Capital Management Co. LP Takes Position in Genpact Limited (NYSE:G)

Key Points

• Westfield Capital Management Co. LP acquired 111,368 shares of Genpact Limited (NYSE:G) valued at approximately $5.6 million in the first quarter, representing about 0.06% of the company's stock.
• Genpact reported quarterly earnings of $0.84 per share, surpassing analyst expectations, and achieved 7.4% year-over-year revenue growth, totaling $1.21 billion.
• The company announced a quarterly dividend of $0.17 per share, translating to an annualized yield of 1.6%, with a dividend payout ratio of 23.21%.

Westfield Capital Management Co. LP bought a new position in shares of Genpact Limited (NYSE:G - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 111,368 shares of the business services provider's stock, valued at approximately $5,611,000. Westfield Capital Management Co. LP owned 0.06% of Genpact as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Genpact by 59.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock worth $522,000 after purchasing an additional 3,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Genpact by 20.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,651 shares in the last quarter. GAMMA Investing LLC raised its holdings in Genpact by 88.0% in the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock worth $491,000 after buying an additional 4,561 shares during the last quarter. 111 Capital bought a new position in shares of Genpact in the fourth quarter worth approximately $301,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Genpact in the fourth quarter worth approximately $921,000. Institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price target for the company. Robert W. Baird reduced their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Mizuho increased their price objective on Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $53.00 target price (up previously from $50.00) on shares of Genpact in a research report on Friday. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $50.13.

Genpact Stock Performance

Genpact stock traded up $1.87 during mid-day trading on Friday, reaching $43.59. 2,940,103 shares of the stock traded hands, compared to its average volume of 1,610,910. Genpact Limited has a 12-month low of $35.42 and a 12-month high of $56.76. The business's 50-day moving average is $43.84 and its 200-day moving average is $47.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $7.62 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.79 EPS. The business's quarterly 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 fiscal year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.6%. Genpact's dividend payout ratio (DPR) is presently 23.21%.

Insiders Place Their Bets

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $87,940. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.07% of the company's stock.

About Genpact

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.