Park Avenue Securities LLC Buys New Shares in Genpact Limited (NYSE:G)

Park Avenue Securities LLC purchased a new stake in Genpact Limited (NYSE:G - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,842 shares of the business services provider's stock, valued at approximately $1,755,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Genpact by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock valued at $728,539,000 after purchasing an additional 61,376 shares during the last quarter. Victory Capital Management Inc. raised its position in Genpact by 18.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after purchasing an additional 1,511,790 shares during the last quarter. Franklin Resources Inc. raised its position in Genpact by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock valued at $180,560,000 after purchasing an additional 55,771 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock valued at $165,288,000 after purchasing an additional 208,759 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Genpact by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after acquiring an additional 133,938 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Trading Down 1.6%

NYSE G traded down $0.69 on Friday, reaching $42.90. The company had a trading volume of 1,287,739 shares, compared to its average volume of 1,378,977. The stock's 50 day moving average is $45.56 and its 200-day moving average is $47.13. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.84 and a beta of 0.94. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS 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 22.50% and a net margin of 10.77%. The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.59%. Genpact's dividend payout ratio (DPR) is currently 23.21%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on G. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Needham & Company LLC dropped their target price on Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, 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. Four 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.71.

Insider Buying and Selling at Genpact

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.07% of the company's stock.

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.