Aaron Wealth Advisors LLC Buys Shares of 6,889 Genpact Limited (NYSE:G)

Aaron Wealth Advisors LLC purchased a new stake in Genpact Limited (NYSE:G) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,889 shares of the business services provider’s stock, valued at approximately $270,000.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Genpact by 53.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 491,113 shares of the business services provider’s stock valued at $17,047,000 after purchasing an additional 170,045 shares during the period. Vanguard Group Inc. boosted its position in Genpact by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 16,954,313 shares of the business services provider’s stock valued at $588,484,000 after buying an additional 515,362 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Genpact by 120.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Genpact by 29.3% during the first quarter. Ballentine Partners LLC now owns 11,783 shares of the business services provider’s stock worth $388,000 after acquiring an additional 2,667 shares during the period. Finally, ARGA Investment Management LP raised its stake in shares of Genpact by 127.2% in the first quarter. ARGA Investment Management LP now owns 385,043 shares of the business services provider’s stock valued at $12,687,000 after acquiring an additional 215,606 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of G opened at $38.95 on Friday. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $39.95. The stock has a market capitalization of $7.01 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The company’s fifty day moving average is $38.82 and its two-hundred day moving average is $34.72.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 EPS 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts predict that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is presently 17.43%.

Analyst Upgrades and Downgrades

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

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.