Informed Momentum Co LLC Takes $4.03 Million Position in Genpact Limited (NYSE:G)

Key Points

• Informed Momentum Co LLC acquired a new position in Genpact Limited, purchasing 79,964 shares valued at approximately $4,029,000.
• JPMorgan Chase & Co. increased its stake in Genpact by 20.9%, now owning over 4 million shares valued at $207 million.
• Genpact announced a $0.17 quarterly dividend, representing an annualized yield of 1.6% and a payout ratio of 22.59%.

Informed Momentum Co LLC acquired a new position in shares of Genpact Limited (NYSE:G - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 79,964 shares of the business services provider's stock, valued at approximately $4,029,000.

A number of other hedge funds have also recently made changes to their positions in G. Cornerstone Planning Group LLC purchased a new position in Genpact in the 1st quarter valued at approximately $27,000. Coppell Advisory Solutions LLC boosted its position in Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after buying an additional 503 shares during the period. Richardson Financial Services Inc. purchased a new position in Genpact in the 1st quarter valued at approximately $35,000. GeoWealth Management LLC raised its holdings in shares of Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares in the last quarter. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Genpact in the 1st quarter valued at $57,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Down 0.1%

Shares of G stock traded down $0.03 on Friday, hitting $43.67. The stock had a trading volume of 2,553,266 shares, compared to its average volume of 1,697,476. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.53 and a beta of 0.92. The stock's 50 day moving average is $43.95 and its 200-day moving average is $47.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.45 and a current ratio of 1.53. Genpact Limited has a 52-week low of $37.82 and a 52-week high of $56.76.

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

Genpact Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on G shares. Needham & Company LLC reiterated a "buy" rating and set a $53.00 price target (up from $50.00) on shares of Genpact in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 price target on the stock. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Robert W. Baird dropped their price objective 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. Finally, Mizuho lifted their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Four 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 company's stock. According to data from MarketBeat, Genpact presently has an average rating of "Moderate Buy" and a consensus target price of $51.29.

Genpact 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.