Friedenthal Financial Buys New Stake in Genpact Limited (NYSE:G)

Friedenthal Financial acquired a new stake in Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,217 shares of the business services provider's stock, valued at approximately $968,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. lifted its stake in Genpact by 151.6% in the 4th quarter. Principal Securities Inc. now owns 4,380 shares of the business services provider's stock valued at $188,000 after buying an additional 2,639 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Genpact in the 4th quarter valued at about $2,030,000. Sanctuary Advisors LLC lifted its stake in Genpact by 19.5% in the 4th quarter. Sanctuary Advisors LLC now owns 19,803 shares of the business services provider's stock valued at $851,000 after buying an additional 3,230 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Genpact by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider's stock valued at $244,000 after buying an additional 297 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Genpact by 58.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,146 shares of the business services provider's stock valued at $178,000 after buying an additional 1,523 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Insider Transactions at Genpact

In other news, Director Nicholas C. Gangestad purchased 2,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $87,940. This 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 Price Performance

G traded down $1.48 during trading on Friday, reaching $40.63. The company's stock had a trading volume of 4,414,808 shares, compared to its average volume of 1,393,424. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $47.00. 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 $7.10 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.54 and a beta of 0.94.

Genpact (NYSE:G - Get Free Report) last released 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.73 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. Genpact's dividend payout ratio is currently 23.21%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on G shares. Robert W. Baird decreased their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Needham & Company LLC decreased their price target on shares of Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.71.

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.