Genpact Limited (NYSE:G) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in Genpact Limited (NYSE:G) by 9.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,843 shares of the business services provider’s stock after purchasing an additional 1,375 shares during the period. PNC Financial Services Group Inc.’s holdings in Genpact were worth $798,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Genpact by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider’s stock worth $522,000 after acquiring an additional 3,849 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Genpact by 20.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock worth $486,000 after acquiring an additional 1,651 shares during the period. GAMMA Investing LLC grew its holdings in Genpact by 88.0% during the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock worth $491,000 after acquiring an additional 4,561 shares during the period. 111 Capital acquired a new stake in Genpact during the fourth quarter worth about $301,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Genpact during the first quarter worth about $2,396,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

G has been the topic of several research analyst reports. Mizuho raised their price objective on Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Robert W. Baird dropped their price objective on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective on the stock. Wall Street Zen raised Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Genpact in a report on Friday. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.13.

Genpact Stock Down 0.7%

NYSE G opened at $43.24 on Tuesday. The business has a fifty day moving average price of $43.86 and a 200 day moving average price of $47.10. Genpact Limited has a one year low of $36.44 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.45 and a current ratio of 1.53. The company has a market cap of $7.56 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 0.92.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $0.79 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. Genpact’s dividend payout ratio (DPR) is 22.59%.

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.