Burney Co. Buys 280,791 Shares of Genpact Limited (NYSE:G)

Burney Co. increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 214.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411,589 shares of the business services provider's stock after purchasing an additional 280,791 shares during the quarter. Burney Co. owned about 0.23% of Genpact worth $20,736,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of G. Coppell Advisory Solutions LLC grew its stake in shares of Genpact by 529.5% during 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. boosted its stake 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 acquiring an additional 216 shares during the last quarter. Cornerstone Planning Group LLC bought a new position in Genpact in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new position in Genpact in the first quarter valued at approximately $35,000. Finally, GeoWealth Management LLC boosted its stake 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 acquiring an additional 583 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on G. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Genpact in a research note on Monday, June 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price target on the stock. Mizuho lifted their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Robert W. Baird reduced their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Five equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.75.

Insider Buying and Selling at Genpact

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the purchase, the director directly owned 2,000 shares of the company's stock, valued at approximately $87,940. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.07% of the stock is owned by corporate insiders.

Genpact Stock Down 1.8%

G stock traded down $0.81 during midday trading on Thursday, hitting $45.09. The company's stock had a trading volume of 981,380 shares, compared to its average volume of 1,330,144. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact Limited has a twelve month low of $32.18 and a twelve month high of $56.76. The company's fifty day moving average price is $43.87 and its 200 day moving average price is $47.15. The stock has a market capitalization of $7.89 billion, a P/E ratio of 15.35, a PEG ratio of 1.74 and a beta of 0.94.

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

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. Genpact's dividend payout ratio is presently 23.21%.

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.