Dimensional Fund Advisors LP Raises Stock Position in Genpact Limited (NYSE:G)

Dimensional Fund Advisors LP increased its stake in Genpact Limited (NYSE:G) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,326,054 shares of the business services provider’s stock after purchasing an additional 847,249 shares during the quarter. Dimensional Fund Advisors LP owned 1.85% of Genpact worth $107,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Genpact by 160.8% in 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Genpact by 106.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after acquiring an additional 471 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Genpact by 120.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Genpact by 22.6% during the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after acquiring an additional 347 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after acquiring an additional 2,123 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of NYSE G opened at $39.02 on Tuesday. 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 company has a market cap of $7.02 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.62 and a beta of 1.13. The firm’s fifty day moving average is $36.83 and its two-hundred day moving average is $33.93. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $39.95.

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, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. As a group, analysts anticipate that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be issued 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 dividend yield of 1.56%. Genpact’s dividend payout ratio (DPR) is presently 17.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on G shares. TD Cowen lifted their price target 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. 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 research note on Friday, August 9th. BMO Capital Markets lifted their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. 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 research note on Friday, September 6th. Finally, Jefferies Financial Group lifted 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. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently 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.