Genpact Limited (NYSE:G) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its stake in Genpact Limited (NYSE:G) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,457 shares of the business services provider’s stock after selling 2,111 shares during the period. Summit Trail Advisors LLC’s holdings in Genpact were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of G. Centaurus Financial Inc. acquired a new stake in Genpact during the 3rd quarter worth about $159,000. Cerity Partners LLC raised its stake in shares of Genpact by 136.4% in the third quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider’s stock worth $703,000 after purchasing an additional 10,349 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Genpact during the third quarter worth about $540,000. Advisors Asset Management Inc. boosted its position in Genpact by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after buying an additional 226 shares during the last quarter. Finally, OneAscent Financial Services LLC increased its holdings in Genpact by 19.1% in the 3rd quarter. OneAscent Financial Services LLC now owns 8,559 shares of the business services provider’s stock worth $336,000 after buying an additional 1,370 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on G shares. Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird boosted their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. TD Cowen increased their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group raised their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.33.

Genpact Stock Up 1.0 %

Shares of G opened at $46.64 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8.23 billion, a P/E ratio of 12.76, a PEG ratio of 1.59 and a beta of 1.13. The stock’s 50 day moving average is $40.38 and its two-hundred day moving average is $36.56. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is presently 16.76%.

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.