Cable Hill Partners LLC Buys 501 Shares of Genpact Limited (NYSE:G)

Cable Hill Partners LLC grew its stake in Genpact Limited (NYSE:G) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,864 shares of the business services provider’s stock after buying an additional 501 shares during the quarter. Cable Hill Partners LLC’s holdings in Genpact were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new stake in Genpact in the 1st quarter worth $703,000. Russell Investments Group Ltd. grew its position in shares of Genpact by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock worth $8,768,000 after purchasing an additional 47,754 shares in the last quarter. Blair William & Co. IL raised its stake in Genpact by 10.6% during the 1st quarter. Blair William & Co. IL now owns 6,978 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 670 shares during the period. Vanguard Group Inc. lifted its holdings in Genpact by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock worth $565,845,000 after purchasing an additional 218,526 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in Genpact in the 1st quarter worth approximately $659,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 1.8 %

Shares of G opened at $45.09 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $39.48 and a 200 day moving average of $35.86. The company has a market cap of $8.03 billion, a PE ratio of 12.39, a P/E/G ratio of 1.66 and a beta of 1.13. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid 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 1.35%. Genpact’s dividend payout ratio is presently 16.76%.

Analysts Set New Price Targets

G has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets lifted their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Robert W. Baird increased their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. 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, Genpact presently has a consensus rating of “Hold” and an average price target of $42.33.

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.