Genpact Limited (NYSE:G) Shares Bought by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its stake in Genpact Limited by 72.7% during Q1, holding a total of 33,367 shares valued at approximately $1.68 million.
• A significant portion, 96.03%, of Genpact's stock is held by institutional investors, reflecting an ongoing interest among large funds.
• Genpact will pay a quarterly dividend of $0.17 per share on September 25, resulting in an annualized yield of 1.5% and a payout ratio of 23.21%.

Avantax Advisory Services Inc. boosted its position in Genpact Limited (NYSE:G - Free Report) by 72.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,367 shares of the business services provider's stock after buying an additional 14,042 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Genpact were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC lifted its position in Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after purchasing an additional 503 shares during the last quarter. Atlas Capital Advisors Inc. lifted its position in Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in Genpact in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new stake in Genpact in the first quarter valued at approximately $35,000. Finally, GeoWealth Management LLC lifted its position in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Price Performance

G traded down $1.61 during trading hours on Friday, hitting $42.44. The company's stock had a trading volume of 2,685,928 shares, compared to its average volume of 1,186,237. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.67 and a beta of 0.92. The business's 50-day moving average price is $43.97 and its 200-day moving average price is $47.19. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. Genpact Limited has a 12 month low of $32.18 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.73 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 1.6%. Genpact's dividend payout ratio is presently 23.21%.

Wall Street Analyst Weigh In

G has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a report on Thursday, July 17th. They set a "hold" rating and a $47.00 target price on the stock. Mizuho boosted their target price on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Robert W. Baird dropped their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Genpact in a report on Monday, June 30th. Five investment 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 data from MarketBeat, Genpact has an average rating of "Moderate Buy" and an average target price of $49.75.

Insider Activity

In other news, Director Nicholas C. Gangestad purchased 2,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.07% of the company's stock.

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.