Cookson Peirce & Co. Inc. Invests $10.56 Million in Genpact Limited (NYSE:G)

Key Points

• Cookson Peirce & Co. Inc. invested approximately $10.56 million in Genpact Limited, acquiring 209,537 shares during the 1st quarter, representing about 0.12% of the company.
• Several institutional investors, including JPMorgan Chase & Co. and Dimensional Fund Advisors, have increased their stakes in Genpact, indicating strong interest in the company.
• Genpact reported quarterly earnings of $0.88 per share, exceeding analysts' expectations of $0.85, with a revenue of $1.25 billion for the quarter, up 6.6% year-over-year.

Cookson Peirce & Co. Inc. acquired a new position in Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 209,537 shares of the business services provider's stock, valued at approximately $10,556,000. Cookson Peirce & Co. Inc. owned approximately 0.12% of Genpact at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Genpact by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock worth $207,129,000 after buying an additional 710,704 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after buying an additional 208,759 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Genpact in the 1st quarter worth $115,807,000. Tandem Investment Advisors Inc. increased its stake in Genpact by 6.6% in the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock worth $114,370,000 after buying an additional 140,228 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Genpact in the 4th quarter worth $60,110,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on G shares. Mizuho raised 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. Robert W. Baird dropped their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $53.00 price objective (up previously from $50.00) on shares of Genpact in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Four 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.29.

Genpact Stock Up 2.1%

G stock opened at $44.21 on Thursday. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.52 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 Limited has a 12 month low of $37.28 and a 12 month high of $56.76. The firm has a 50-day moving average of $43.90 and a two-hundred day moving average of $47.05.

Genpact (NYSE:G - Get Free Report) last announced its quarterly 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. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. As a group, analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio (DPR) 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.

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