Stifel Financial Corp Purchases Shares of 30,530 Genpact Limited (NYSE:G)

Stifel Financial Corp acquired a new stake in Genpact Limited (NYSE:G) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,530 shares of the business services provider’s stock, valued at approximately $1,197,000.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position 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 last quarter. Pzena Investment Management LLC grew its stake in shares of Genpact by 130.3% in 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Genpact in the third quarter valued at about $19,779,000. Tandem Investment Advisors Inc. bought a new position in shares of Genpact during the third quarter valued at about $17,025,000. Finally, Vulcan Value Partners LLC boosted its holdings in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after purchasing an additional 284,842 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 23,058 shares of company stock valued at $1,044,715 in the last quarter. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on G shares. JPMorgan Chase & Co. lifted their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group lifted their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Needham & Company LLC increased their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Genpact has an average rating of “Hold” and a consensus target price of $42.33.

Genpact Trading Down 0.3 %

Shares of G stock opened at $42.19 on Monday. The company has a market capitalization of $7.44 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The business’s fifty day moving average is $42.75 and its 200 day moving average is $38.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid 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 1.45%. Genpact’s dividend payout ratio is presently 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.