Semanteon Capital Management LP Buys New Shares in Genpact Limited (NYSE:G)

Semanteon Capital Management LP bought a new stake in Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,345 shares of the business services provider's stock, valued at approximately $1,192,000.

Several other hedge funds and other institutional investors have also bought and sold shares of G. GAMMA Investing LLC acquired a new position in Genpact in the fourth quarter valued at $43,000. Covestor Ltd raised its holdings in shares of Genpact by 140.2% during the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider's stock valued at $56,000 after purchasing an additional 904 shares during the period. Buck Wealth Strategies LLC raised its holdings in shares of Genpact by 438.3% during the third quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider's stock valued at $66,000 after purchasing an additional 1,486 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Genpact by 32.0% during the third quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider's stock valued at $94,000 after purchasing an additional 632 shares during the period. Finally, Flynn Zito Capital Management LLC acquired a new position in shares of Genpact during the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on G. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. StockNews.com downgraded shares of Genpact from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 5th. Mizuho assumed coverage on shares of Genpact in a research report on Tuesday, January 30th. They set a "neutral" rating and a $40.00 target price for the company. Citigroup decreased their target price on shares of Genpact from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock an "underweight" rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Hold" and a consensus target price of $39.78.

Genpact Stock Performance

Shares of G stock traded down $1.09 during trading on Thursday, reaching $30.67. 3,687,696 shares of the company's stock traded hands, compared to its average volume of 1,526,305. The company has a market capitalization of $5.53 billion, a P/E ratio of 8.94, a PEG ratio of 1.49 and a beta of 1.07. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average is $33.17 and its 200 day moving average is $34.16. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $44.63.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. Equities research analysts expect that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were issued a dividend of $0.153 per share. The ex-dividend date was Friday, March 8th. This represents a $0.61 annualized dividend and a dividend yield of 2.00%. This is a positive change from Genpact's previous quarterly dividend of $0.14. Genpact's dividend payout ratio (DPR) is currently 17.78%.

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.

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