Sanctuary Advisors LLC Makes New $335,000 Investment in Genpact Limited (NYSE:G)

Sanctuary Advisors LLC acquired a new stake in Genpact Limited (NYSE:G) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,839 shares of the business services provider’s stock, valued at approximately $335,000.

A number of other hedge funds have also made changes to their positions in the stock. Aristides Capital LLC acquired a new position in Genpact during the second quarter worth about $1,931,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Genpact by 6.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,318 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 1,372 shares in the last quarter. Creative Planning grew its stake in shares of Genpact by 30.3% in the 2nd quarter. Creative Planning now owns 25,614 shares of the business services provider’s stock worth $825,000 after purchasing an additional 5,950 shares during the last quarter. Vulcan Value Partners LLC raised its holdings in shares of Genpact by 22.2% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after purchasing an additional 284,842 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Genpact by 406.1% during the second quarter. AQR Capital Management LLC now owns 42,506 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 34,108 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on G shares. JPMorgan Chase & Co. boosted their target price on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group upped their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Needham & Company LLC raised their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Finally, TD Cowen raised their price objective on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.44.

Genpact Trading Up 1.2 %

Genpact stock opened at $38.95 on Friday. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The company’s fifty day moving average price is $38.82 and its two-hundred day moving average price is $34.70. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.63 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 announced its earnings results 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts forecast that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.57%. Genpact’s payout ratio is 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.