J. Safra Sarasin Holding AG Takes Position in Genpact Limited (NYSE:G)

Key Points

• J. Safra Sarasin Holding AG has acquired 169,993 shares of Genpact Limited, valued at approximately $8,564,000, representing around 0.10% of the company.
• Genpact announced a quarterly dividend of $0.17 per share, with an ex-dividend date of September 11th, resulting in an annualized dividend yield of 1.6%.
• The company reported quarterly earnings of $0.84 EPS, exceeding analyst expectations, with revenue matching estimates at $1.21 billion.

J. Safra Sarasin Holding AG bought a new position in shares of Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 169,993 shares of the business services provider's stock, valued at approximately $8,564,000. J. Safra Sarasin Holding AG owned approximately 0.10% of Genpact at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of G. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Genpact during the first quarter worth about $115,807,000. Lord Abbett & CO. LLC bought a new stake in shares of Genpact during the fourth quarter worth about $60,110,000. Millennium Management LLC boosted its holdings in Genpact by 829.4% in the fourth quarter. Millennium Management LLC now owns 1,057,389 shares of the business services provider's stock valued at $45,415,000 after acquiring an additional 943,622 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Genpact by 9,371.4% in the first quarter. GAMMA Investing LLC now owns 490,903 shares of the business services provider's stock valued at $24,732,000 after acquiring an additional 485,720 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Genpact by 847.8% in the fourth quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider's stock valued at $15,228,000 after acquiring an additional 401,962 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Ratings Changes

G has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target on the stock. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Robert W. Baird lowered 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. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Genpact in a research report on Monday, June 30th. Finally, Mizuho upped their target price on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Five equities 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 stock. Based on data from MarketBeat.com, Genpact presently has an average rating of "Moderate Buy" and a consensus target price of $49.75.

Genpact Trading Down 0.2%

Shares of G traded down $0.07 during mid-day trading on Wednesday, hitting $42.30. 981,557 shares of the company's stock traded hands, compared to its average volume of 1,579,510. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Genpact Limited has a 1 year low of $32.18 and a 1 year high of $56.76. The firm has a market capitalization of $7.40 billion, a P/E ratio of 14.42, a PEG ratio of 1.62 and a beta of 0.92. The business's 50-day moving average price is $43.91 and its 200-day moving average price is $47.18.

Genpact (NYSE:G - Get Free Report) last posted its 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. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 1.6%. Genpact's payout ratio is currently 23.21%.

Insider Buying and Selling at Genpact

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the acquisition, the director owned 2,000 shares of the company's stock, valued at $87,940. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.

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.