GAMMA Investing LLC Acquires New Holdings in Genpact Limited (NYSE:G)

GAMMA Investing LLC bought a new stake in Genpact Limited (NYSE:G) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,198 shares of the business services provider’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James & Associates increased its stake in shares of Genpact by 83.0% in the third quarter. Raymond James & Associates now owns 105,806 shares of the business services provider’s stock valued at $3,830,000 after buying an additional 47,979 shares during the period. Groesbeck Investment Management Corp NJ grew its stake in shares of Genpact by 39.9% in the third quarter. Groesbeck Investment Management Corp NJ now owns 11,438 shares of the business services provider’s stock worth $414,000 after purchasing an additional 3,265 shares during the last quarter. Sawyer & Company Inc increased its holdings in Genpact by 2.7% in the third quarter. Sawyer & Company Inc now owns 35,321 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 920 shares during the period. Lindbrook Capital LLC lifted its holdings in Genpact by 32.0% during the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider’s stock worth $94,000 after buying an additional 632 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Genpact in the 3rd quarter valued at about $2,031,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on G. Mizuho began coverage on Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, February 9th. Citigroup dropped their target price on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Genpact has an average rating of “Hold” and an average target price of $39.78.

Genpact Stock Performance

Shares of G opened at $31.34 on Friday. The stock has a 50-day moving average of $32.56 and a 200-day moving average of $33.94. Genpact Limited has a one year low of $29.41 and a one year high of $42.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $5.65 billion, a PE ratio of 9.14, a P/E/G ratio of 1.44 and a beta of 1.07.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. On average, equities research analysts predict that Genpact Limited will post 2.7 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 8th. Genpact’s dividend payout ratio (DPR) is 17.78%.

About Genpact

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.