Short Interest in Genpact Limited (NYSE:G) Declines By 5.5%

Genpact Limited (NYSE:G) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 4,650,000 shares, a decline of 5.5% from the September 30th total of 4,920,000 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 4.3 days.

Genpact Stock Up 0.6 %

G stock traded up $0.24 during trading hours on Friday, hitting $38.41. The company’s stock had a trading volume of 281,578 shares, compared to its average volume of 1,313,170. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $38.85 and a two-hundred day moving average price of $35.11. The company has a market capitalization of $6.84 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. Genpact has a 12 month low of $29.41 and a 12 month high of $39.95.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities research analysts expect that Genpact will post 2.85 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is 17.23%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on G. BMO Capital Markets upped their price target on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Needham & Company LLC boosted their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. TD Cowen boosted their target price on shares of Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and a consensus price target of $39.44.

Institutional Investors Weigh In On Genpact

A number of institutional investors have recently added to or reduced their stakes in G. Lecap Asset Management Ltd. lifted its holdings in shares of Genpact by 2.1% during the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 364 shares during the period. Suncoast Equity Management lifted its holdings in shares of Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 375 shares during the period. Sawyer & Company Inc lifted its holdings in shares of Genpact by 1.1% during the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock valued at $1,421,000 after acquiring an additional 400 shares during the period. Cloverfields Capital Group LP raised its holdings in shares of Genpact by 1.5% in the first quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock valued at $954,000 after buying an additional 416 shares during the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Genpact by 3.3% in the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock valued at $431,000 after buying an additional 433 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

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.