Vanguard Personalized Indexing Management LLC Increases Holdings in Genpact Limited (NYSE:G)

Vanguard Personalized Indexing Management LLC raised its stake in Genpact Limited (NYSE:G) by 53.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,134 shares of the business services provider’s stock after acquiring an additional 17,034 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Genpact were worth $1,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of G. First Trust Advisors LP raised its holdings in Genpact by 290.8% in the 4th quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider’s stock worth $106,602,000 after acquiring an additional 2,285,310 shares during the last quarter. Norges Bank bought a new position in shares of Genpact during the fourth quarter valued at $68,683,000. Capital International Investors boosted its position in shares of Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock valued at $101,715,000 after buying an additional 1,053,236 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after buying an additional 847,249 shares in the last quarter. Finally, FIL Ltd increased its holdings in Genpact by 16.8% in the 4th quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock worth $175,002,000 after buying an additional 725,198 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Trading Up 0.5 %

NYSE:G opened at $38.68 on Friday. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The business has a fifty day moving average price of $36.71 and a 200-day moving average price of $33.90. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.62 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 issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 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 analysts’ expectations of $1.15 billion. Sell-side analysts forecast that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio is currently 17.43%.

Analysts Set New Price Targets

G has been the topic of a number of recent analyst reports. TD Cowen raised their price target 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. raised 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. Jefferies Financial Group boosted their target price 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 price target on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.78.

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.