Amalgamated Bank Raises Stock Position in Genpact Limited (NYSE:G)

Amalgamated Bank increased its holdings in shares of Genpact Limited (NYSE:G) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,694 shares of the business services provider’s stock after purchasing an additional 1,497 shares during the period. Amalgamated Bank owned 0.06% of Genpact worth $3,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Genpact by 160.8% during the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after buying an additional 471 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after buying an additional 989 shares in the last quarter. Parallel Advisors LLC boosted its position in Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after buying an additional 347 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Genpact by 4,717.8% during the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,123 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Up 0.5 %

Shares of Genpact stock opened at $38.68 on Monday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.62 and a beta of 1.13. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $39.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The business’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $33.90.

Genpact (NYSE:G) last announced its quarterly 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. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. Equities research analysts forecast that Genpact Limited will post 2.85 earnings per share 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 given a $0.1525 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.58%. Genpact’s dividend payout ratio (DPR) is 17.43%.

Analyst Upgrades and Downgrades

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