QRG Capital Management Inc. Increases Holdings in Genpact Limited (NYSE:G)

QRG Capital Management Inc. grew its holdings in Genpact Limited (NYSE:G) by 10.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 96,442 shares of the business services provider’s stock after acquiring an additional 8,859 shares during the period. QRG Capital Management Inc.’s holdings in Genpact were worth $4,859,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its position in shares of Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 503 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 216 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after purchasing an additional 583 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after purchasing an additional 783 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in shares of Genpact by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock worth $69,000 after purchasing an additional 453 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Trading Down 2.0%

Shares of NYSE G opened at $43.16 on Wednesday. The business’s 50 day moving average is $45.44 and its two-hundred day moving average is $47.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact Limited has a 1-year low of $30.38 and a 1-year high of $56.76. The stock has a market capitalization of $7.55 billion, a P/E ratio of 14.73, a PEG ratio of 1.67 and a beta of 0.94.

Genpact (NYSE:G) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.58%. Genpact’s payout ratio is currently 23.21%.

Insiders Place Their Bets

In related news, Director Nicholas C. Gangestad acquired 2,000 shares of Genpact stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $87,940. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on G shares. Wall Street Zen raised Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Needham & Company LLC reduced their target price on Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Robert W. Baird reduced their target price on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.71.

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.