Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Genpact Limited (NYSE:G)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 139,949 shares of Genpact Limited, valued at approximately $7.05 million, representing 0.08% of the company as of its latest filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Genpact, with a target price of $49.75; recommendations include five hold ratings, three buy ratings, and one strong buy rating.
• Genpact announced a quarterly dividend of $0.17 per share, set to be paid on September 25th, representing an annualized dividend yield of 1.49% with a payout ratio of 23.21%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 139,949 shares of the business services provider's stock, valued at approximately $7,051,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Genpact at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in shares of Genpact by 112.2% in the fourth quarter. HighTower Advisors LLC now owns 12,573 shares of the business services provider's stock valued at $540,000 after acquiring an additional 6,647 shares in the last quarter. American Century Companies Inc. raised its stake in Genpact by 58.4% during the fourth quarter. American Century Companies Inc. now owns 69,786 shares of the business services provider's stock worth $2,997,000 after purchasing an additional 25,736 shares during the period. Sei Investments Co. grew its stake in shares of Genpact by 17.9% during the 4th quarter. Sei Investments Co. now owns 163,784 shares of the business services provider's stock valued at $7,034,000 after buying an additional 24,870 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Genpact in the 4th quarter worth $1,473,000. Finally, LPL Financial LLC raised its holdings in shares of Genpact by 42.3% in the 4th quarter. LPL Financial LLC now owns 36,268 shares of the business services provider's stock worth $1,558,000 after purchasing an additional 10,776 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Mizuho boosted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective on the stock. 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 restated a "buy" rating and issued a $50.00 price target on shares of Genpact in a research report on Monday, June 30th. Five equities research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $49.75.

Insider Buying and Selling

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $87,940. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by company insiders.

Genpact Stock Up 1.0%

Shares of NYSE G traded up $0.44 during trading hours on Friday, hitting $45.52. The stock had a trading volume of 808,288 shares, compared to its average volume of 1,185,123. The company has a market capitalization of $7.96 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.73 and a beta of 0.94. The firm's 50-day moving average price is $43.92 and its two-hundred day moving average price is $47.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45. Genpact Limited has a 52 week low of $32.18 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $1.21 billion. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. Analysts anticipate 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 Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.49%. Genpact's dividend payout ratio is 23.21%.

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.