Jefferies Financial Group Inc. Purchases New Position in Genpact Limited (NYSE:G)

Jefferies Financial Group Inc. purchased a new stake in Genpact Limited (NYSE:G - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,516 shares of the business services provider's stock, valued at approximately $530,000.

A number of other large investors have also recently modified their holdings of G. LPL Financial LLC boosted its stake in Genpact by 42.3% in the fourth quarter. LPL Financial LLC now owns 36,268 shares of the business services provider's stock valued at $1,558,000 after acquiring an additional 10,776 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Genpact by 15.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,361 shares of the business services provider's stock valued at $445,000 after acquiring an additional 1,402 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Genpact by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,838 shares of the business services provider's stock valued at $723,000 after acquiring an additional 4,403 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Genpact in the fourth quarter valued at approximately $324,000. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Genpact in the fourth quarter valued at approximately $790,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on G shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price for the company. 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. Mizuho lifted their price objective on shares of 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 lowered their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Five 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 stock. According to data from MarketBeat, Genpact has a consensus rating of "Moderate Buy" and an average target price of $49.75.

Insiders Place Their Bets

In other Genpact news, Director Nicholas C. Gangestad purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at $87,940. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.07% of the company's stock.

Genpact Stock Down 0.5%

G opened at $42.18 on Thursday. The company has a fifty day moving average of $43.88 and a two-hundred day moving average of $47.14. Genpact Limited has a fifty-two week low of $32.18 and a fifty-two week high of $56.76. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45.

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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The firm 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%. Genpact's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. On average, research analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.6%. Genpact's payout ratio is presently 23.21%.

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.

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