EULAV Asset Management Invests $9.07 Million in Genpact Limited (NYSE:G)

EULAV Asset Management acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 180,000 shares of the business services provider's stock, valued at approximately $9,068,000. EULAV Asset Management owned approximately 0.10% of Genpact as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in G. Coppell Advisory Solutions LLC raised its stake in shares of 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 acquiring an additional 503 shares during the period. Atlas Capital Advisors Inc. raised its stake in shares of 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 period. GeoWealth Management LLC raised its stake in shares of 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 period. Smartleaf Asset Management LLC raised its stake in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock valued at $41,000 after acquiring an additional 783 shares during the period. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Genpact in the first quarter valued at $57,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Insider Activity at Genpact

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at $87,940. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.80% of the company's stock.

Genpact Trading Up 0.2%

NYSE:G traded up $0.09 during trading hours on Tuesday, hitting $46.15. The company had a trading volume of 1,389,076 shares, compared to its average volume of 1,415,993. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76. The company has a market cap of $8.07 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.01 and a beta of 0.94. The company has a 50-day moving average of $44.21 and a 200 day moving average of $47.01. 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 (NYSE:G - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.21 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.47%. Genpact's dividend payout ratio is presently 23.21%.

Analyst Upgrades and Downgrades

G has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a 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. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Genpact in a report on Monday, June 30th. Finally, Robert W. Baird lowered their price objective on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Genpact has an average rating of "Moderate Buy" and a consensus price target of $50.14.

Genpact 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.