Centaurus Financial Inc. Invests $159,000 in Genpact Limited (NYSE:G)

Centaurus Financial Inc. acquired a new stake in shares of Genpact Limited (NYSE:G) during the 3rd quarter, Holdings Channel reports. The fund acquired 4,056 shares of the business services provider’s stock, valued at approximately $159,000.

Other large investors also recently modified their holdings of the company. Jensen Investment Management Inc. grew its holdings in Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock valued at $7,449,000 after buying an additional 11,410 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Genpact by 53.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock valued at $1,580,000 after acquiring an additional 17,034 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Genpact by 329.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,525 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 8,075 shares during the last quarter. Access Investment Management LLC lifted its stake in Genpact by 44.0% in the 3rd quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock worth $8,347,000 after purchasing an additional 65,070 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Genpact by 1.7% during the 2nd quarter. Retirement Systems of Alabama now owns 449,845 shares of the business services provider’s stock valued at $14,481,000 after purchasing an additional 7,645 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 0.7 %

G stock opened at $46.49 on Thursday. The firm’s fifty day simple moving average is $40.70 and its two-hundred day simple moving average is $36.76. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98.

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 yield of 1.31%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is currently 16.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on G shares. TD Cowen boosted their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Needham & Company LLC increased their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.33.

Insiders Place Their Bets

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

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.