Ontario Teachers Pension Plan Board Takes Position in Genpact Limited (NYSE:G)

Ontario Teachers Pension Plan Board purchased a new stake in Genpact Limited (NYSE:G) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,989 shares of the business services provider’s stock, valued at approximately $659,000.

A number of other hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in Genpact in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after buying an additional 471 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Genpact in the 4th quarter worth about $43,000. Massmutual Trust Co. FSB ADV boosted 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 buying an additional 989 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after buying an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

G has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Genpact from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Wedbush reiterated a “neutral” rating and issued a $35.00 target price on shares of Genpact in a research report on Friday, May 10th. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup reduced their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, May 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.63.

Insider Buying and Selling at Genpact

In other Genpact news, Director N. V. Tyagarajan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $33.17, for a total value of $33,170.00. Following the completion of the transaction, the director now owns 7,300 shares of the company’s stock, valued at approximately $242,141. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Genpact Trading Up 0.7 %

Shares of Genpact stock traded up $0.24 on Monday, reaching $33.51. 622,699 shares of the company were exchanged, compared to its average volume of 1,450,899. Genpact Limited has a fifty-two week low of $29.41 and a fifty-two week high of $39.44. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11. The stock has a fifty day moving average price of $32.66 and a 200-day moving average price of $33.34.

Genpact (NYSE:G) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Genpact had a return on equity of 22.71% and a net margin of 14.21%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts expect that Genpact Limited will post 2.7 EPS for the current year.

Genpact Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.1525 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.82%. Genpact’s dividend payout ratio is presently 17.43%.

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.