Kingsview Wealth Management LLC Grows Holdings in Genpact Limited (NYSE:G)

Kingsview Wealth Management LLC increased its holdings in Genpact Limited (NYSE:G - Free Report) by 48.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 216,081 shares of the business services provider's stock after buying an additional 70,501 shares during the quarter. Kingsview Wealth Management LLC owned about 0.12% of Genpact worth $7,500,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Cornercap Investment Counsel Inc. bought a new stake in shares of Genpact in the fourth quarter worth $1,122,000. Old Well Partners LLC increased its position in shares of Genpact by 10.8% during the 3rd quarter. Old Well Partners LLC now owns 135,731 shares of the business services provider's stock valued at $4,913,000 after purchasing an additional 13,200 shares during the last quarter. ARGA Investment Management LP purchased a new stake in shares of Genpact during the 4th quarter valued at about $5,881,000. Greenhaven Associates Inc. bought a new position in shares of Genpact in the 4th quarter worth approximately $10,510,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Genpact by 12.5% in the fourth quarter. Russell Investments Group Ltd. now owns 218,346 shares of the business services provider's stock worth $7,579,000 after buying an additional 24,259 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wedbush reaffirmed a "neutral" rating and set a $35.00 price objective on shares of Genpact in a research report on Friday, May 10th. StockNews.com cut shares of Genpact from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their target price 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 started coverage on Genpact in a research note on Tuesday, January 30th. They issued a "neutral" rating and a $40.00 price target for the company. Finally, Citigroup lowered their price objective on Genpact from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Genpact presently has a consensus rating of "Hold" and an average target price of $38.00.

Genpact Trading Down 0.3 %

NYSE:G traded down $0.12 during mid-day trading on Friday, hitting $34.31. 2,030,069 shares of the stock traded hands, compared to its average volume of 1,710,533. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.61 and a beta of 1.07. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.75. The firm's 50 day moving average is $32.30 and its two-hundred day moving average is $33.86.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th will be issued a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, June 10th. Genpact's payout ratio is presently 17.43%.

Genpact Company 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.