Simon Quick Advisors LLC Invests $462,000 in Genpact Limited (NYSE:G)

Simon Quick Advisors LLC acquired a new position in shares of Genpact Limited (NYSE:G - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,164 shares of the business services provider's stock, valued at approximately $462,000.

Other hedge funds have also recently made changes to their positions in the company. USA Financial Formulas purchased a new position in Genpact in the 1st quarter valued at approximately $275,000. Assenagon Asset Management S.A. purchased a new position in Genpact in the 1st quarter valued at approximately $2,396,000. SG Americas Securities LLC lifted its position in shares of Genpact by 83.7% during the 1st quarter. SG Americas Securities LLC now owns 10,175 shares of the business services provider's stock worth $513,000 after purchasing an additional 4,637 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Genpact by 88.0% during the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock worth $491,000 after purchasing an additional 4,561 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Genpact during the 1st quarter worth $272,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Insiders Place Their Bets

In other Genpact news, Director Nicholas C. Gangestad purchased 2,000 shares of Genpact stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $87,940. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.07% of the stock is currently owned by company insiders.

Genpact Stock Performance

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. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76. The stock has a market capitalization of $7.50 billion, a PE ratio of 15.11, a P/E/G 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. The stock has a 50-day moving average price of $45.56 and a 200-day moving average price of $47.13.

Genpact (NYSE:G - Get Free Report) last posted 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. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Genpact's quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal 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 given a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.59%. Genpact's payout ratio is currently 23.21%.

Wall Street Analyst Weigh In

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

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.