Running Oak Capital LLC Buys 43,640 Shares of Genpact Limited (NYSE:G)

Running Oak Capital LLC lifted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,846 shares of the business services provider's stock after purchasing an additional 43,640 shares during the period. Running Oak Capital LLC owned about 0.11% of Genpact worth $7,006,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of G. FMR LLC lifted its position in shares of Genpact by 8.1% during the third quarter. FMR LLC now owns 17,644,694 shares of the business services provider's stock worth $638,738,000 after purchasing an additional 1,327,435 shares during the last quarter. Truist Financial Corp lifted its holdings in Genpact by 162.9% in the fourth quarter. Truist Financial Corp now owns 921,160 shares of the business services provider's stock worth $31,973,000 after acquiring an additional 570,760 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Genpact by 18.1% in the third quarter. Westfield Capital Management Co. LP now owns 2,948,433 shares of the business services provider's stock worth $106,733,000 after acquiring an additional 452,612 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Genpact by 14.8% in the third quarter. Nordea Investment Management AB now owns 2,484,781 shares of the business services provider's stock worth $91,664,000 after acquiring an additional 321,032 shares during the last quarter. Finally, Greenhaven Associates Inc. bought a new position in Genpact in the fourth quarter worth about $10,510,000. Institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of Genpact from $42.00 to $43.00 and gave the company an "underweight" rating in a research note on Friday, February 9th. Mizuho began coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a "neutral" rating and a $40.00 price objective on the stock. Citigroup lowered their price objective on shares of Genpact from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com lowered shares of Genpact from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $39.78.

Genpact Stock Up 1.9 %

Shares of NYSE:G traded up $0.58 during trading on Thursday, reaching $31.30. 1,431,515 shares of the company traded hands, compared to its average volume of 1,529,698. The firm has a fifty day simple moving average of $32.66 and a 200 day simple moving average of $33.97. The firm has a market cap of $5.64 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $43.87. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. Analysts anticipate that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a $0.153 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Friday, March 8th. This is a positive change from Genpact's previous quarterly dividend of $0.14. Genpact's payout ratio is presently 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.