Genpact Limited (NYSE:G) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in shares of Genpact Limited (NYSE:G) by 42.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,396 shares of the business services provider’s stock after selling 242,556 shares during the period. Squarepoint Ops LLC owned 0.18% of Genpact worth $10,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of G. CWM LLC boosted its stake in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares during the period. Parallel Advisors LLC raised its holdings in Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 347 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after purchasing an additional 2,123 shares during the period. Finally, Quarry LP boosted its holdings in shares of Genpact by 530.1% during the fourth quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,744 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group upped their target price on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. BMO Capital Markets increased their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Needham & Company LLC increased their price target on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, TD Cowen lifted their price target on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.78.

Genpact Stock Performance

Shares of G stock opened at $38.75 on Friday. The company’s fifty day simple moving average is $37.25 and its 200-day simple moving average is $34.06. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.95. The company has a market cap of $6.97 billion, a PE ratio of 11.07, a P/E/G ratio of 1.63 and a beta of 1.13.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, equities research analysts anticipate that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, September 11th. Genpact’s dividend payout ratio is presently 17.43%.

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.