BNP Paribas Financial Markets Has $1.88 Million Position in Genpact Limited (NYSE:G)

BNP Paribas Financial Markets raised its stake in Genpact Limited (NYSE:G) by 78.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,957 shares of the business services provider’s stock after acquiring an additional 21,140 shares during the period. BNP Paribas Financial Markets’ holdings in Genpact were worth $1,880,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares during the period. GAMMA Investing LLC increased its position in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Genpact in the third quarter worth about $159,000. Finally, Greenleaf Trust acquired a new stake in Genpact during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on G shares. TD Cowen lifted their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective 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. Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their price target on shares of Genpact from $38.00 to $42.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, Genpact presently has an average rating of “Hold” and an average target price of $42.33.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Genpact Stock Down 0.2 %

G stock opened at $45.16 on Friday. The firm has a 50-day moving average price of $41.84 and a 200-day moving average price of $37.39. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $7.96 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.35%. Genpact’s dividend payout ratio is currently 16.76%.

Genpact 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.