7,858 Shares in Genpact Limited (NYSE:G) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in Genpact Limited (NYSE:G) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,858 shares of the business services provider’s stock, valued at approximately $308,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in shares of Genpact during the 3rd quarter worth approximately $1,197,000. Quantinno Capital Management LP grew its stake in shares of Genpact by 61.1% in the third quarter. Quantinno Capital Management LP now owns 171,825 shares of the business services provider’s stock valued at $6,737,000 after buying an additional 65,169 shares in the last quarter. HighTower Advisors LLC acquired a new position in Genpact during the third quarter worth $232,000. Atom Investors LP bought a new stake in Genpact during the third quarter worth $1,695,000. Finally, ARGA Investment Management LP lifted its stake in Genpact by 29.9% in the third quarter. ARGA Investment Management LP now owns 677,504 shares of the business services provider’s stock valued at $26,565,000 after acquiring an additional 155,889 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group boosted their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.33.

Genpact Trading Down 0.1 %

Shares of Genpact stock opened at $44.67 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50-day moving average of $42.38 and a 200-day moving average of $37.75. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The stock has a market cap of $7.88 billion, a PE ratio of 12.27, a PEG ratio of 1.56 and a beta of 1.18.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.37%. Genpact’s payout ratio is presently 16.76%.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

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.