Mutual of America Capital Management LLC Has $3.05 Million Holdings in Genpact Limited (NYSE:G)

Mutual of America Capital Management LLC lowered its stake in shares of Genpact Limited (NYSE:G) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 94,804 shares of the business services provider’s stock after selling 3,594 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Genpact worth $3,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in G. Norges Bank bought a new stake in Genpact during the fourth quarter worth $68,683,000. UBS Group AG increased its stake in Genpact by 3.1% in the 4th quarter. UBS Group AG now owns 518,105 shares of the business services provider’s stock valued at $17,983,000 after buying an additional 15,770 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Genpact by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 231,105 shares of the business services provider’s stock worth $8,022,000 after buying an additional 25,835 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Genpact in the 4th quarter worth approximately $393,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Genpact by 46.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,402 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 4,899 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Genpact Price Performance

Shares of NYSE G opened at $39.02 on Tuesday. Genpact Limited has a fifty-two week low of $29.41 and a fifty-two week high of $39.95. The stock has a fifty day moving average of $36.83 and a 200-day moving average of $33.93. 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 stock has a market cap of $7.02 billion, a PE ratio of 11.15, 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 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. Equities research analysts anticipate that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.1525 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a yield of 1.56%. Genpact’s dividend payout ratio is currently 17.43%.

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.