Genpact Limited (NYSE:G) Short Interest Update

Genpact Limited (NYSE:G) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,660,000 shares, a growth of 6.2% from the August 31st total of 4,390,000 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Investors Weigh In On Genpact

Several institutional investors and hedge funds have recently bought and sold shares of the business. Davis Capital Management increased its position in shares of Genpact by 5.5% during the third quarter. Davis Capital Management now owns 41,775 shares of the business services provider’s stock valued at $1,638,000 after buying an additional 2,185 shares during the period. Heritage Wealth Management Inc. purchased a new stake in shares of Genpact in the 2nd quarter worth about $589,000. Sanctuary Advisors LLC purchased a new position in Genpact during the 2nd quarter valued at about $335,000. Aristides Capital LLC purchased a new position in Genpact during the 2nd quarter valued at about $1,931,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Genpact by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,318 shares of the business services provider’s stock worth $783,000 after acquiring an additional 1,372 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Up 0.6 %

Shares of G stock traded up $0.22 on Tuesday, hitting $39.43. 1,105,367 shares of the company’s stock traded hands, compared to its average volume of 1,375,042. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.63 and a beta of 1.13. The company’s fifty day simple moving average is $37.36 and its 200 day simple moving average is $34.11. Genpact has a one year low of $29.41 and a one year 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.

Genpact (NYSE:G) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. Equities analysts forecast that Genpact will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a $0.1525 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.55%. Genpact’s payout ratio is presently 17.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group raised their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. TD Cowen increased their price objective on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Needham & Company LLC boosted their target price 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 increased their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Genpact currently has an average rating of “Hold” and an average price target 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.