Genpact Limited (NYSE:G) Stake Boosted by Leeward Investments LLC MA

Leeward Investments LLC MA raised its position in shares of Genpact Limited (NYSE:G) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,802 shares of the business services provider’s stock after buying an additional 5,571 shares during the quarter. Leeward Investments LLC MA owned 0.16% of Genpact worth $11,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in Genpact during the first quarter valued at $703,000. Duality Advisers LP purchased a new stake in shares of Genpact in the first quarter worth approximately $2,725,000. Quantbot Technologies LP boosted its holdings in shares of Genpact by 30.8% during the first quarter. Quantbot Technologies LP now owns 122,874 shares of the business services provider’s stock worth $4,049,000 after purchasing an additional 28,938 shares during the period. Empowered Funds LLC purchased a new position in Genpact during the first quarter valued at approximately $1,937,000. Finally, Concurrent Investment Advisors LLC increased its stake in Genpact by 25.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 23,352 shares of the business services provider’s stock valued at $769,000 after buying an additional 4,748 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Price Performance

Shares of NYSE:G opened at $40.48 on Thursday. The firm has a market capitalization of $7.21 billion, a PE ratio of 11.44, a PEG ratio of 1.62 and a beta of 1.13. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $40.53. The business’s 50 day moving average is $38.85 and its 200-day moving average is $35.37.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts predict that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.51%. Genpact’s payout ratio is presently 17.23%.

Analyst Upgrades and Downgrades

G has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Robert W. Baird boosted their target price on shares of Genpact from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen raised their price target on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets upped their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.44.

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.