Genpact Limited (NYSE:G) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of Genpact Limited (NYSE:G) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 336,682 shares of the business services provider’s stock after purchasing an additional 1,015 shares during the period. State of Alaska Department of Revenue owned 0.19% of Genpact worth $13,200,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of G. Wealth Enhancement Advisory Services LLC bought a new position in Genpact during the 3rd quarter worth $250,000. Highland Capital Management LLC acquired a new position in shares of Genpact during the third quarter valued at $213,000. Ballentine Partners LLC grew its position in shares of Genpact by 38.1% during the third quarter. Ballentine Partners LLC now owns 19,859 shares of the business services provider’s stock worth $779,000 after acquiring an additional 5,482 shares during the last quarter. Greenleaf Trust bought a new position in shares of Genpact during the third quarter worth about $210,000. Finally, Lecap Asset Management Ltd. lifted its position in Genpact by 2.1% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after purchasing an additional 364 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Down 0.2 %

G opened at $38.34 on Monday. The stock’s fifty day moving average is $38.90 and its 200-day moving average is $34.97. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The company has a market capitalization of $6.83 billion, a PE ratio of 10.83, a P/E/G ratio of 1.60 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.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.15 billion. On average, equities analysts predict that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Dividend Announcement

The firm also recently announced 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 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is 17.23%.

Analysts Set New Price Targets

G has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC increased their price objective on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. TD Cowen lifted their target price on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group increased their price target on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets lifted their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.