Leeward Investments LLC MA Acquires 5,571 Shares of Genpact Limited (NYSE:G)

Leeward Investments LLC MA lifted its holdings in Genpact Limited (NYSE:G) by 1.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 294,802 shares of the business services provider’s stock after purchasing an additional 5,571 shares during the quarter. Leeward Investments LLC MA’s holdings in Genpact were worth $11,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new position in shares of Genpact in the first quarter worth about $703,000. Duality Advisers LP bought a new stake in shares of Genpact during the first quarter valued at approximately $2,725,000. Quantbot Technologies LP increased its holdings in shares of Genpact by 30.8% in the first quarter. Quantbot Technologies LP now owns 122,874 shares of the business services provider’s stock valued at $4,049,000 after purchasing an additional 28,938 shares in the last quarter. Empowered Funds LLC bought a new position in Genpact in the 1st quarter worth approximately $1,937,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in Genpact by 25.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 23,352 shares of the business services provider’s stock worth $769,000 after buying an additional 4,748 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on G shares. Needham & Company LLC lifted their target price on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their price objective on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Robert W. Baird upped their target price on shares of Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price target on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted 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. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average price target of $39.44.

Genpact Stock Performance

Shares of G stock opened at $40.48 on Thursday. The stock has a 50-day moving average of $38.85 and a 200-day moving average of $35.37. Genpact Limited has a one year low of $29.41 and a one year high of $40.53. The stock has a market cap of $7.21 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89.

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

Genpact Announces Dividend

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

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.