Russell Investments Group Ltd. Acquires 24,259 Shares of Genpact Limited (NYSE:G)

Russell Investments Group Ltd. lifted its holdings in Genpact Limited (NYSE:G) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,346 shares of the business services provider’s stock after buying an additional 24,259 shares during the quarter. Russell Investments Group Ltd.’s holdings in Genpact were worth $7,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of Genpact during the fourth quarter worth $43,000. Covestor Ltd increased its holdings in Genpact by 140.2% in the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 904 shares during the last quarter. Buck Wealth Strategies LLC lifted its stake in Genpact by 438.3% in the third quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,486 shares during the period. Lindbrook Capital LLC boosted its holdings in Genpact by 32.0% during the third 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 last quarter. Finally, Flynn Zito Capital Management LLC acquired a new position in shares of Genpact during the 4th quarter worth about $206,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of Genpact stock opened at $32.51 on Wednesday. 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 firm has a market cap of $5.86 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07. Genpact Limited has a one year low of $29.41 and a one year high of $40.15. The stock’s 50-day moving average is $32.43 and its 200-day moving average is $33.86.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Genpact had a net margin of 14.10% and a return on equity of 23.19%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Equities analysts predict that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be given a dividend of $0.153 per share. The ex-dividend date is Monday, June 10th. This represents a $0.61 annualized dividend and a yield of 1.88%. Genpact’s dividend payout ratio (DPR) is presently 17.78%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on G shares. Mizuho initiated coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective on the stock. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Genpact in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Finally, Citigroup lowered their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.78.

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.