Genpact Limited (NYSE:G) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Genpact Limited (NYSE:G - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,442 shares of the business services provider's stock after purchasing an additional 8,859 shares during the period. QRG Capital Management Inc. owned about 0.05% of Genpact worth $4,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Optas LLC acquired a new stake in shares of Genpact during the first quarter worth about $207,000. Exchange Traded Concepts LLC acquired a new position in Genpact in the 1st quarter valued at about $782,000. Ritholtz Wealth Management acquired a new position in Genpact in the 1st quarter valued at about $382,000. Wealth Enhancement Advisory Services LLC increased its position in Genpact by 20.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock valued at $486,000 after acquiring an additional 1,651 shares during the period. Finally, Birch Capital Management LLC increased its position in Genpact by 5.9% in the 1st quarter. Birch Capital Management LLC now owns 120,847 shares of the business services provider's stock valued at $6,088,000 after acquiring an additional 6,765 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Robert W. Baird dropped their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC dropped their price target on Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.71.

Insider Buying and Selling

In other Genpact news, Director Nicholas C. Gangestad bought 2,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the acquisition, the director now owns 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 Price Performance

G stock traded down $1.48 on Friday, reaching $40.63. 4,414,808 shares of the company's stock were exchanged, compared to its average volume of 1,393,424. The stock has a fifty day moving average of $45.09 and a 200-day moving average of $47.00. The firm has a market cap of $7.10 billion, a PE ratio of 13.87, a P/E/G ratio of 1.54 and a beta of 0.94. 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 twelve month low of $30.38 and a twelve month high of $56.76.

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. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the company posted $0.73 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, June 18th. Genpact's dividend payout ratio (DPR) is 23.21%.

Genpact Company 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.