Friedenthal Financial Invests $968,000 in Genpact Limited (NYSE:G)

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

Several other hedge funds have also made changes to their positions in the business. State of New Jersey Common Pension Fund D acquired a new stake in Genpact in the fourth quarter valued at approximately $2,030,000. 111 Capital acquired a new stake in Genpact in the fourth quarter valued at approximately $301,000. Pictet Asset Management Holding SA acquired a new stake in Genpact in the fourth quarter valued at approximately $921,000. Proficio Capital Partners LLC acquired a new stake in Genpact in the fourth quarter valued at approximately $983,000. Finally, Cetera Investment Advisers raised its holdings in Genpact by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 13,269 shares of the business services provider's stock valued at $570,000 after acquiring an additional 595 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

G has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Robert W. Baird cut their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC cut their price objective on shares of Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a report 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Genpact presently has an average rating of "Moderate Buy" and an average price target of $50.71.

Genpact Stock Performance

Shares of G opened at $42.07 on Thursday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.36 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. The company's 50 day simple moving average is $45.32 and its 200-day simple moving average is $47.05. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The business 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 for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given 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 dividend yield of 1.62%. Genpact's payout ratio is currently 23.21%.

Insiders Place Their Bets

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, with a total value of $87,940.00. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $87,940. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.

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