Exchange Traded Concepts LLC Takes Position in Genpact Limited (NYSE:G)

Exchange Traded Concepts LLC acquired a new stake in Genpact Limited (NYSE:G - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,521 shares of the business services provider's stock, valued at approximately $782,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Genpact by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock valued at $728,539,000 after acquiring an additional 61,376 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after purchasing an additional 1,511,790 shares in the last quarter. Franklin Resources Inc. increased its holdings in Genpact by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock worth $180,560,000 after purchasing an additional 55,771 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Genpact by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after buying an additional 133,938 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Trading Down 3.5%

NYSE:G traded down $1.48 during midday trading on Friday, hitting $40.63. The stock had a trading volume of 4,414,808 shares, compared to its average volume of 1,393,424. Genpact Limited has a one year low of $30.38 and a one year high of $56.76. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.54 and a beta of 0.94. The stock has a 50-day moving average of $45.09 and a 200 day moving average of $47.00. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

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. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. Genpact's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts forecast 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 Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.67%. Genpact's dividend payout ratio (DPR) is currently 23.21%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Needham & Company LLC dropped their target price on Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Robert W. Baird dropped their price objective on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Four equities 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 stock. Based on data from MarketBeat, Genpact presently has a consensus rating of "Moderate Buy" and an average price target of $50.71.

Insider Transactions at Genpact

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.