MQS Management LLC Acquires Shares of 19,271 Genpact Limited (NYSE:G)

MQS Management LLC bought a new position in Genpact Limited (NYSE:G) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,271 shares of the business services provider’s stock, valued at approximately $620,000.

A number of other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Genpact by 689.4% during the fourth quarter. BNP Paribas Financial Markets now owns 80,815 shares of the business services provider’s stock valued at $2,805,000 after buying an additional 70,578 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 24.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,475 shares of the business services provider’s stock worth $76,898,000 after buying an additional 432,921 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Genpact during the 4th quarter worth approximately $576,000. Norges Bank acquired a new stake in shares of Genpact during the 4th quarter valued at about $68,683,000. Finally, UBS Group AG grew its holdings in Genpact by 3.1% in the fourth quarter. UBS Group AG now owns 518,105 shares of the business services provider’s stock valued at $17,983,000 after purchasing an additional 15,770 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on G shares. Needham & Company LLC increased their target price on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. TD Cowen lifted their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group increased their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets lifted their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.78.

Genpact Stock Down 0.6 %

Shares of NYSE:G opened at $38.33 on Thursday. 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 $36.45 and its two-hundred day moving average is $33.84. 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 $6.90 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Equities analysts anticipate that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a $0.1525 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a yield of 1.59%. Genpact’s dividend payout ratio is currently 17.43%.

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.