4,056 Shares in Genpact Limited (NYSE:G) Bought by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new stake in shares of Genpact Limited (NYSE:G) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,056 shares of the business services provider’s stock, valued at approximately $159,000.

A number of other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC increased its stake in shares of Genpact by 136.4% during the third quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 10,349 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Genpact during the 3rd quarter valued at approximately $540,000. Advisors Asset Management Inc. raised its stake in Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after buying an additional 226 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in Genpact by 19.1% in the third quarter. OneAscent Financial Services LLC now owns 8,559 shares of the business services provider’s stock worth $336,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of Genpact by 31.2% in the third quarter. Caprock Group LLC now owns 9,716 shares of the business services provider’s stock worth $381,000 after acquiring an additional 2,310 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

G stock opened at $46.49 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98. The company has a market cap of $8.20 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. The stock’s fifty day moving average price is $40.70 and its 200-day moving average price is $36.76.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.31%. Genpact’s dividend payout ratio is currently 16.76%.

Insider Activity

In related news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on G shares. JPMorgan Chase & Co. upped their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. TD Cowen increased their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. BMO Capital Markets upped their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Finally, Robert W. Baird lifted their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Genpact currently has an average rating of “Hold” and a consensus price target of $42.33.

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.