Simon Quick Advisors LLC Takes Position in Genpact Limited (NYSE:G)

Simon Quick Advisors LLC purchased a new stake in Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,164 shares of the business services provider's stock, valued at approximately $462,000.

A number of other large investors have also made changes to their positions in the company. Van ECK Associates Corp acquired a new position in Genpact during the 4th quarter worth approximately $7,545,000. Manchester Capital Management LLC acquired a new position in Genpact during the fourth quarter worth $38,000. Principal Securities Inc. grew its position in Genpact by 151.6% in the fourth quarter. Principal Securities Inc. now owns 4,380 shares of the business services provider's stock valued at $188,000 after purchasing an additional 2,639 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Genpact in the fourth quarter valued at $2,030,000. Finally, Sanctuary Advisors LLC increased its stake in Genpact by 19.5% in the 4th quarter. Sanctuary Advisors LLC now owns 19,803 shares of the business services provider's stock valued at $851,000 after buying an additional 3,230 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Trading Down 2.0%

Shares of Genpact stock traded down $0.89 during midday trading on Tuesday, reaching $43.16. The company had a trading volume of 1,179,816 shares, compared to its average volume of 1,382,118. The stock has a fifty day moving average price of $45.44 and a 200 day moving average price of $47.09. Genpact Limited has a fifty-two week low of $30.38 and a fifty-two week high of $56.76. The firm has a market cap of $7.55 billion, a PE ratio of 14.73, a P/E/G ratio of 1.67 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45.

Genpact (NYSE:G - Get Free Report) last issued 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. The firm 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%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. On average, equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.58%. Genpact's dividend payout ratio is presently 23.21%.

Insider Activity at Genpact

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.

Analysts Set New Price Targets

G has been the subject of a number of analyst reports. Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Needham & Company LLC decreased their target price on shares of Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Four equities research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.71.

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.