Kiltearn Partners LLP Invests $6.66 Million in Genpact Limited (NYSE:G)

Kiltearn Partners LLP purchased a new stake in shares of Genpact Limited (NYSE:G) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 206,900 shares of the business services provider’s stock, valued at approximately $6,660,000. Kiltearn Partners LLP owned 0.11% of Genpact at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP grew its stake in Genpact by 290.8% during the 4th quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider’s stock valued at $106,602,000 after acquiring an additional 2,285,310 shares in the last quarter. Norges Bank acquired a new stake in shares of Genpact during the fourth quarter worth approximately $68,683,000. Capital International Investors grew its position in 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 purchasing an additional 1,053,236 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $107,065,000 after buying an additional 847,249 shares during the period. Finally, FIL Ltd lifted its position 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. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on G shares. JPMorgan Chase & Co. boosted their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets boosted their target price on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Jefferies Financial Group raised 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. TD Cowen boosted their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC raised their price objective on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.78.

Genpact Stock Up 0.9 %

G opened at $39.02 on Tuesday. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $39.95. 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 business has a 50 day moving average price of $36.83 and a 200 day moving average price of $33.93. The firm has a market cap of $7.02 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last posted its 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. Research analysts forecast that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.1525 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 annualized dividend and a yield of 1.56%. Genpact’s payout ratio is 17.43%.

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.