Vanguard Group Inc. Cuts Position in Genpact Limited (NYSE:G)

Key Points

• Vanguard Group Inc. has reduced its stake in Genpact Limited by 0.3%, now owning about 16.9 million shares valued at $851.98 million.
• Institutional investors hold a significant majority, with 96.03% of Genpact's stocks owned by such entities, indicating robust interest in the company.
• Genpact is set to pay a dividend of $0.17 per share on September 25th, representing an annualized yield of 1.6%.

Vanguard Group Inc. decreased its stake in Genpact Limited (NYSE:G - Free Report) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,910,990 shares of the business services provider's stock after selling 51,506 shares during the period. Vanguard Group Inc. owned about 9.63% of Genpact worth $851,976,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions LLC grew its holdings in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after purchasing an additional 503 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Genpact during the 1st quarter valued at $27,000. Richardson Financial Services Inc. purchased a new stake in Genpact during the 1st quarter valued at $35,000. GeoWealth Management LLC boosted its position in Genpact by 199.0% during the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after buying an additional 583 shares during the period. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Genpact in the 1st quarter worth about $57,000. Institutional investors own 96.03% of the company's stock.

Wall Street Analyst Weigh In

G has been the subject of several recent analyst reports. Mizuho lifted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Needham & Company LLC restated a "buy" rating and set a $53.00 target price (up from $50.00) on shares of Genpact in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target for the company. Robert W. Baird dropped 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. Finally, Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.29.

Genpact Trading Up 0.2%

Shares of G traded up $0.10 during midday trading on Friday, hitting $43.80. The stock had a trading volume of 1,044,933 shares, compared to its average volume of 1,606,076. The stock's 50 day moving average is $43.94 and its 200 day moving average is $47.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 2.45. The firm has a market cap of $7.63 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. Genpact Limited has a 1 year low of $37.82 and a 1 year high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.79 EPS. Genpact's revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The business 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 $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Genpact's dividend payout ratio (DPR) is currently 22.59%.

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.