HighTower Advisors LLC Purchases New Shares in Genpact Limited (NYSE:G)

HighTower Advisors LLC purchased a new position in Genpact Limited (NYSE:G) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,926 shares of the business services provider’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jensen Investment Management Inc. boosted its holdings in shares of Genpact by 6.4% in 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 lifted its holdings in shares of Genpact by 53.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 17,034 shares during the period. Access Investment Management LLC lifted its holdings in Genpact by 44.0% in the third quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock valued at $8,347,000 after acquiring an additional 65,070 shares during the period. Stephens Inc. AR acquired a new stake in shares of Genpact during the 3rd quarter worth approximately $511,000. Finally, Vulcan Value Partners LLC raised its stake in shares of Genpact by 22.2% during 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 buying an additional 284,842 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC increased their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.33.

Genpact Price Performance

NYSE:G opened at $42.70 on Wednesday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $42.83 and its two-hundred day moving average is $38.23.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.1525 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.43%. Genpact’s payout ratio is currently 16.76%.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction on Monday, November 25th. The shares were 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 in the company, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 23,058 shares of company stock worth $1,044,715. 2.80% of the stock is owned by company insiders.

About Genpact

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.