Atlas Capital Advisors Inc. Boosts Stock Position in Genpact Limited (NYSE:G)

Key Points

• Atlas Capital Advisors Inc. increased its holdings in Genpact Limited by 1,061.7% during Q1, now owning 7,005 shares valued at $353,000.
• Genpact's quarterly earnings exceeded estimates, reporting $1.25 billion in revenue and an EPS of $0.88, up from $0.79 year-over-year.
• Genpact has announced a quarterly dividend of $0.17 per share, representing a 1.6% dividend yield for shareholders of record on September 11th.

Atlas Capital Advisors Inc. lifted its stake in Genpact Limited (NYSE:G - Free Report) by 1,061.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,005 shares of the business services provider's stock after purchasing an additional 6,402 shares during the period. Atlas Capital Advisors Inc.'s holdings in Genpact were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock valued at $207,129,000 after purchasing an additional 710,704 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Genpact by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after acquiring an additional 208,759 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Genpact during the first quarter worth about $115,807,000. Tandem Investment Advisors Inc. raised its holdings in Genpact by 6.6% during the first quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock worth $114,370,000 after acquiring an additional 140,228 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Genpact during the fourth quarter worth about $60,110,000. 96.03% of the stock is currently owned by institutional investors.

Genpact Trading Up 1.0%

Genpact stock traded up $0.45 during trading hours on Wednesday, reaching $43.76. 48,958 shares of the company's stock were exchanged, compared to its average volume of 1,601,026. The company has a quick ratio of 2.45, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $43.87 and its 200 day simple moving average is $47.07. Genpact Limited has a twelve month low of $37.28 and a twelve month high of $56.76. The firm has a market capitalization of $7.65 billion, a PE ratio of 14.56, a PEG ratio of 1.54 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. Research analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Genpact's dividend payout ratio is currently 22.59%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Needham & Company LLC reissued a "buy" rating and set a $53.00 price target (up previously from $50.00) on shares of Genpact in a research report on Friday, August 8th. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Mizuho boosted their price target on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Finally, Robert W. Baird decreased their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.29.

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.