Allianz Asset Management GmbH Acquires 206,032 Shares of Genpact Limited (NYSE:G)

Allianz Asset Management GmbH raised its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 85.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,702 shares of the business services provider's stock after buying an additional 206,032 shares during the quarter. Allianz Asset Management GmbH owned about 0.25% of Genpact worth $22,505,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. 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 purchasing an additional 216 shares in the last quarter. Stifel Financial Corp raised its stake in Genpact by 1.0% during the fourth quarter. Stifel Financial Corp now owns 30,821 shares of the business services provider's stock worth $1,324,000 after acquiring an additional 291 shares in the last quarter. Fifth Third Bancorp raised its stake in Genpact by 9.5% during the first quarter. Fifth Third Bancorp now owns 3,461 shares of the business services provider's stock worth $174,000 after acquiring an additional 299 shares in the last quarter. KBC Group NV raised its stake in Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock worth $366,000 after acquiring an additional 324 shares in the last quarter. Finally, Callan Capital LLC raised its stake in Genpact by 2.9% during the first quarter. Callan Capital LLC now owns 12,312 shares of the business services provider's stock worth $620,000 after acquiring an additional 351 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.07% of the company's stock.

Genpact Price Performance

Shares of G stock traded down $0.17 during trading hours on Monday, hitting $45.35. 141,196 shares of the company's stock were exchanged, compared to its average volume of 1,556,090. The stock's 50-day moving average is $43.92 and its 200-day moving average is $47.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Genpact Limited has a 52 week low of $32.18 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 earnings per share. As a group, research analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. Genpact's payout ratio is currently 23.21%.

Analyst Ratings Changes

G has been the subject of several recent analyst reports. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective for the company. Mizuho increased their price objective on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. 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 research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $50.00 price objective on shares of Genpact in a research note on Monday, June 30th. Five research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.75.

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.