LPL Financial LLC Grows Stock Holdings in Genpact Limited (NYSE:G)

Key Points

• LPL Financial LLC increased its stake in Genpact Limited by 202.8%, owning a total of 109,819 shares worth approximately $5.5 million after acquiring additional shares in the first quarter.
• Genpact is expected to post 3.21 earnings per share for the current year, following a reported 6.6% increase in revenue compared to the same quarter last year.
• The company recently announced a quarterly dividend of $0.17 per share, scheduled for payment on September 25th, representing an annualized yield of 1.6%.

LPL Financial LLC increased its stake in Genpact Limited (NYSE:G - Free Report) by 202.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,819 shares of the business services provider's stock after purchasing an additional 73,551 shares during the quarter. LPL Financial LLC owned approximately 0.06% of Genpact worth $5,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Genpact by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock valued at $522,000 after purchasing an additional 3,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Genpact by 20.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,651 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Genpact by 88.0% during the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock valued at $491,000 after purchasing an additional 4,561 shares in the last quarter. 111 Capital purchased a new position in shares of Genpact during the fourth quarter valued at about $301,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Genpact during the first quarter valued at about $2,396,000. 96.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Mizuho boosted their target price on Genpact from $48.00 to $51.00 and gave the company 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 set a "hold" rating and a $47.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $53.00 target price (up previously from $50.00) on shares of Genpact in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Genpact currently has an average rating of "Moderate Buy" and an average target price of $51.29.

Genpact Stock Performance

G traded down $0.03 during midday trading on Friday, hitting $43.67. 2,553,266 shares of the company were exchanged, compared to its average volume of 1,616,240. The company's 50 day simple moving average is $43.94 and its 200 day simple moving average is $47.03. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 2.45 and a debt-to-equity ratio of 0.32. Genpact Limited has a 1-year low of $37.82 and a 1-year high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The company had revenue of $1.25 billion for 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 firm earned $0.79 EPS. As a group, sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

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

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.