Jupiter Asset Management Ltd. Makes New $7.76 Million Investment in Genpact Limited (NYSE:G)

Key Points

• Jupiter Asset Management Ltd. has made a new investment in Genpact Limited, acquiring 154,106 shares valued at approximately $7.76 million during the first quarter.
• Multiple institutional investors, including Envestnet Portfolio Solutions and GAMMA Investing LLC, increased their holdings in Genpact, indicating growing interest in the company.
• Analysts have varying ratings on Genpact, with a consensus of "Moderate Buy" and an average price target of $49.75, following recent changes in price targets from major firms.

Jupiter Asset Management Ltd. purchased a new position in shares of Genpact Limited (NYSE:G - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 154,106 shares of the business services provider's stock, valued at approximately $7,764,000. Jupiter Asset Management Ltd. owned about 0.09% of Genpact at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Coppell Advisory Solutions LLC grew its holdings in Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after purchasing an additional 503 shares during the period. Atlas Capital Advisors Inc. grew its holdings in Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after purchasing an additional 216 shares during the period. Cornerstone Planning Group LLC bought a new stake in shares of Genpact during the first quarter worth approximately $27,000. Richardson Financial Services Inc. bought a new stake in shares of Genpact during the first quarter worth approximately $35,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after acquiring an additional 583 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho increased 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. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price target on shares of Genpact in a report on Monday, June 30th. Robert W. Baird decreased their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.75.

Insider Buying and Selling

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of Genpact stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the transaction, the director directly 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 SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Genpact Stock Performance

Shares of NYSE:G traded down $0.24 during trading on Tuesday, reaching $42.31. 2,304,714 shares of the stock were exchanged, compared to its average volume of 1,333,413. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.40 billion, a PE ratio of 14.44, a PEG ratio of 1.62 and a beta of 0.92. The stock has a 50-day moving average price of $43.91 and a 200-day moving average price of $47.18. Genpact Limited has a 12 month low of $32.18 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. Genpact's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Research analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio (DPR) 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.