Northwestern Mutual Wealth Management Co. Has $783,000 Stock Position in Genpact Limited (NYSE:G)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Genpact Limited (NYSE:G) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,318 shares of the business services provider’s stock after acquiring an additional 1,372 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Genpact were worth $783,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors raised its stake in Genpact by 51.8% in the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after purchasing an additional 1,053,236 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Genpact by 34.2% in the second 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 in the last quarter. FIL Ltd boosted its stake in shares of Genpact by 16.8% in the fourth quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock valued at $175,002,000 after buying an additional 725,198 shares during the period. Pzena Investment Management LLC increased its stake in Genpact by 130.3% during the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock worth $37,465,000 after acquiring an additional 658,560 shares during the period. Finally, Fiduciary Management Inc. WI increased its stake in Genpact by 8.5% during the 4th quarter. Fiduciary Management Inc. WI now owns 7,971,692 shares of the business services provider’s stock worth $276,697,000 after acquiring an additional 623,794 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 0.2 %

Shares of NYSE:G opened at $39.56 on Tuesday. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $39.95. The company has a market capitalization of $7.12 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. 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 fifty day moving average of $37.90 and a 200-day moving average of $34.32.

Genpact (NYSE:G) last issued its 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. 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. On average, equities analysts predict 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 was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.1525 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.61 annualized dividend and a yield of 1.54%. Genpact’s dividend payout ratio is presently 17.43%.

Wall Street Analysts Forecast Growth

G has been the topic of several analyst reports. BMO Capital Markets increased their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. TD Cowen upped their price target on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Jefferies Financial Group increased their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Needham & Company LLC upped 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. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.