Rhumbline Advisers lessened its position in Genpact Limited (NYSE:G) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,978 shares of the business services provider’s stock after selling 3,267 shares during the period. Rhumbline Advisers owned approximately 0.09% of Genpact worth $5,295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in G. BNP Paribas Arbitrage SA grew its position in Genpact by 224.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,375 shares of the business services provider’s stock valued at $213,000 after buying an additional 5,099 shares in the last quarter. Comerica Bank grew its position in Genpact by 16.6% in the 2nd quarter. Comerica Bank now owns 76,538 shares of the business services provider’s stock valued at $2,303,000 after buying an additional 10,910 shares in the last quarter. Victory Capital Management Inc. grew its position in Genpact by 13.3% in the 2nd quarter. Victory Capital Management Inc. now owns 137,833 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 16,181 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Genpact in the 2nd quarter valued at about $321,000. Finally, Sei Investments Co. grew its position in Genpact by 28.3% in the 2nd quarter. Sei Investments Co. now owns 261,940 shares of the business services provider’s stock valued at $7,577,000 after buying an additional 57,759 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

NYSE:G opened at $28.65 on Friday. Genpact Limited has a twelve month low of $26.46 and a twelve month high of $34.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $5.53 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Genpact had a net margin of 9.31% and a return on equity of 22.26%. The company had revenue of $747.98 million during the quarter, compared to analyst estimates of $754.93 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that Genpact Limited will post 1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 7th. Genpact’s dividend payout ratio is presently 20.13%.

Several research firms have recently weighed in on G. SunTrust Banks restated a “buy” rating and set a $37.00 price objective on shares of Genpact in a research report on Thursday, August 9th. JPMorgan Chase & Co. lowered shares of Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price objective for the company. in a research report on Tuesday, August 14th. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Genpact in a research report on Wednesday, November 7th. Finally, Cowen restated a “buy” rating and set a $35.00 price objective on shares of Genpact in a research report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.31.

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About Genpact

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

See Also: Cost of Equity

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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