National Bank of Canada FI Increases Stock Holdings in Genpact Limited (NYSE:G)

National Bank of Canada FI increased its holdings in shares of Genpact Limited (NYSE:G) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,615 shares of the business services provider’s stock after buying an additional 5,578 shares during the period. National Bank of Canada FI’s holdings in Genpact were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in G. Coppell Advisory Solutions LLC boosted its stake in Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after purchasing an additional 503 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in Genpact during the 1st quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in Genpact during the 1st quarter worth $35,000. GeoWealth Management LLC boosted its stake in Genpact by 199.0% during the 4th 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. Finally, Global X Japan Co. Ltd. acquired a new stake in Genpact during the 1st quarter worth $57,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 1.1%

Shares of G opened at $43.74 on Friday. The firm has a market cap of $7.62 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. Genpact Limited has a 12-month low of $37.72 and a 12-month high of $56.76. The company’s 50-day moving average price is $43.94 and its 200 day moving average price is $47.03. The company has a current ratio of 1.53, a quick ratio of 2.45 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. Genpact’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, sell-side analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Wall Street Zen raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Robert W. Baird lowered their price target on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of Genpact in a research report on Friday, August 8th. Finally, Mizuho boosted their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Genpact presently has an average rating of “Moderate Buy” and a consensus target price of $51.29.

Genpact 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.