Quadrature Capital Ltd Buys Shares of 6,381 Genpact Limited (NYSE:G)

Quadrature Capital Ltd bought a new stake in Genpact Limited (NYSE:G – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,381 shares of the business services provider’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its position in shares of Genpact by 25.9% during the second quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock worth $43,000 after acquiring an additional 210 shares during the period. Advisors Asset Management Inc. increased its position in shares of Genpact by 1.6% during the second quarter. Advisors Asset Management Inc. now owns 13,568 shares of the business services provider’s stock worth $575,000 after acquiring an additional 220 shares during the period. Neuberger Berman Group LLC increased its position in shares of Genpact by 2.2% during the first quarter. Neuberger Berman Group LLC now owns 12,165 shares of the business services provider’s stock worth $529,000 after acquiring an additional 258 shares during the period. Industrial Alliance Investment Management Inc. increased its position in shares of Genpact by 2.1% during the second quarter. Industrial Alliance Investment Management Inc. now owns 13,835 shares of the business services provider’s stock worth $586,000 after acquiring an additional 280 shares during the period. Finally, Seelaus Asset Management LLC increased its holdings in Genpact by 2.2% in the third quarter. Seelaus Asset Management LLC now owns 13,730 shares of the business services provider’s stock valued at $601,000 after buying an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

Insider Activity at Genpact

In related news, SVP Heather White sold 5,225 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $46.72, for a total value of $244,112.00. Following the completion of the sale, the senior vice president now owns 20,933 shares in the company, valued at $977,989.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Heather White sold 5,225 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $46.72, for a total value of $244,112.00. Following the completion of the sale, the senior vice president now owns 20,933 shares in the company, valued at $977,989.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $47.60, for a total transaction of $2,380,000.00. Following the completion of the transaction, the chief executive officer now directly owns 622,518 shares of the company’s stock, valued at $29,631,856.80. The disclosure for this sale can be found here. Insiders sold a total of 230,725 shares of company stock worth $10,824,307 over the last 90 days. Company insiders own 2.67% of the company’s stock.

Genpact Price Performance

Shares of G opened at $44.38 on Tuesday. Genpact Limited has a fifty-two week low of $37.68 and a fifty-two week high of $48.85. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The firm has a 50-day simple moving average of $47.19 and a 200-day simple moving average of $46.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.61 and a current ratio of 1.61.

Genpact (NYSE:G – Get Rating) last announced its earnings results on Thursday, February 9th. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Genpact had a net margin of 8.08% and a return on equity of 25.63%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, equities research analysts anticipate that Genpact Limited will post 2.56 earnings per share for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.55 dividend on an annualized basis and a yield of 1.24%. This is an increase from Genpact’s previous quarterly dividend of $0.13. Genpact’s dividend payout ratio (DPR) is presently 29.26%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on G. JPMorgan Chase & Co. lowered Genpact from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $50.00 in a report on Thursday, December 15th. Citigroup upped their price objective on shares of Genpact from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $56.00 price objective on shares of Genpact in a research note on Friday, February 10th. BMO Capital Markets upped their price objective on shares of Genpact from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 8th. Finally, StockNews.com upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

About Genpact

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Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).