XTX Topco Ltd Increases Stock Position in Genpact Limited (NYSE:G)

Key Points

• XTX Topco Ltd increased its holdings in Genpact Limited by 90.0%, acquiring a total of 20,091 shares valued at approximately $1,012,000.
• Several institutional investors, including Dimensional Fund Advisors LP and Sumitomo Mitsui Trust Group Inc., have also made significant increases in their positions in Genpact during recent quarters.
• Genpact announced a quarterly dividend of $0.17 per share, with a payout date of September 25th, reflecting an annualized dividend yield of 1.6%.

XTX Topco Ltd increased its stake in Genpact Limited (NYSE:G - Free Report) by 90.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,091 shares of the business services provider's stock after purchasing an additional 9,518 shares during the quarter. XTX Topco Ltd's holdings in Genpact were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Genpact by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after buying an additional 208,759 shares during the period. Geode Capital Management LLC increased its holdings in shares of Genpact by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after buying an additional 133,938 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Genpact in the first quarter worth about $115,807,000. Tandem Investment Advisors Inc. increased its holdings in Genpact by 6.6% during the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock valued at $114,370,000 after purchasing an additional 140,228 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Genpact during the 4th quarter valued at about $60,110,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Down 1.1%

Shares of G stock traded down $0.47 during trading hours on Thursday, reaching $41.73. 1,713,536 shares of the company's stock were exchanged, compared to its average volume of 1,591,511. The stock's 50 day moving average is $43.88 and its 200-day moving average is $47.14. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. Genpact Limited has a fifty-two week low of $32.18 and a fifty-two week high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $1.21 billion for 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 firm's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued a $0.17 dividend. The ex-dividend date 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 is presently 23.21%.

Insider Buying and Selling

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately $87,940. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho boosted their price target on 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 initiated coverage on Genpact in a research report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target on the stock. Robert W. Baird lowered their price objective on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Genpact in a report on Monday, June 30th. Five 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 stock. According to data from MarketBeat.com, Genpact has a consensus rating of "Moderate Buy" and an average target price of $49.75.

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.